RSA and Kingfisher mull tax moves

Both Kingfisher, the retail giant and owner of B&Q, and insurer RSA could move abroad for tax reasons, reports claimed.

Kingfisher was described as reluctant to move its HQ, bu ist undertaking the review as part of a detailed look at any moves that might improve its financial performance.

The Daily Telegraph quoted a source 'close to the company' saying that the move was being considered 'more in sorrow than in anger'.

RSA's chief executive Andy Haste has said a move to Dublin could save the insurer £50m, with a spokesman for the company quoted as saying that a move was being 'considered'.

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