Following confirmation yesterday that Henderson Group are relocating operations offshore for tax reasons, Regus has also joined the list of those moving abroad.
According to a report on telegraph.co.uk, the FTSE 250 company has announced its plans to move its domicile to Luxembourg.
The business currently has a market value of nearly £720m.
In May this year, chancellor Alistair Darling set up an international tax forum and met the chief executives of some of Britain’s biggest companies in a bid to prevent an exodus of companies from the UK.
Regus operates over 950 business centres across 400 cities in 70 countries, and products and services include fully furnished, equipped and staffed offices, business support services, meeting conference and training facilities.
The company is run by former hot dog salesman Mark Dixon, who is based offshore in the tax haven of Monaco.
Further Reading:
How to make better financial decisions - Free FD Handbook
When reviewing your business and accounting software, this free two- part guide explains all you need to know.
The Future of the Financial Close: Automating Account Reconciliations and Review
Many firms have made account reconciliation automation the focus of their drive. This paper describes why.
More white papers
Keep up to date with the latest products, services and technologies from the world's leading IT companies; IThound.com brings you over 6,000 white papers, case studies and analyst reports.
Comments
Have your say on this article