BusinessCompany NewsTax emigrant happy in Ireland not UK

Tax emigrant happy in Ireland not UK

Pharmaceutical company Shire has said it is happy with decision to move to Ireland for tax purposes

Shire the FTSE 100 pharmaceutical company has said that it would take a
substantial tax cut to lure them back to the UK from Ireland the Daily Telegraph
reported.

The company recently moved to Ireland for tax purposes with chief executive
Angus Russell admitting that although the company would keep the issue under
constant review he did not think there was anything the government could do to
tempt the company back.

‘If you want to drop the tax rate to 5% we might be interested, [but] we are
very happy with the decision we have taken’ he added.

Further reading:

Tax
emigrant Shire has no plan to return

Tax
clarity needed to stop businesses leaving the UK

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