TaxCorporate TaxPrudential tax shift may be on the cards

Prudential tax shift may be on the cards

Insurance giant refuses to rule out staying domiciled in the UK for tax purposes as corporate taxation remains a thorn in the side for the government

Prudential’s chief exec Mark Tucker has warned that an offshore move to a
cushier tax base may not be out of the question.

‘It’s something we keep high on the agenda, Tucker told
The
Daily Telegraph
. ‘You have to, on a continual basis, look at domicile and
tax residency.’

If the FTSE 100 insurance giant shifted its tax base, it would be the biggest
UK company so far to make the move after the departures of Shire and United
Business Media.

Further reading:

Compass
mulls switching tax bearings

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