Jean-Pierre Garnier, the outgoing chief executive of GlaxoSmithKline (GSK),
has said the government’s tax environment has to be ‘favourable’ to retain the
best jobs in the UK.
Garnier’s comments come after Shire, the pharmaceuticals group, opted to set
up a holding company tax resident in Ireland to protect it from forthcoming
changes to foreign profits taxation.
‘We value our roots in the UK, but the business environment has to be
realistic and favourable so that it doesn’t impair our ability to compete
Times reported Garnier as saying.
Garnier, who serves on the Prime Minister’s International Business Advisory
Council, added: ‘Any tax change in a country has to take into account the fact
that other countries are trying to attract our best jobs and I am confident that
the Government will do what’s right for the country. I am convinced that this
Government is listening hard to business and I know Mr Brown is very conscious
of the need to compete globally.’
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states