Prudential latest to ponder tax exodus
UK insurance giant Prudential could be next to relocate its HQ to another country to cut its tax bill
Prudential is understood to
be considering relocation of its headquarters to Ireland or Amsterdam in a bid
to cut down on its tax bill, Tax-News.com reports.
The move co-incides with news this week that another insurance company, RSA,
and Kingfisher, the retailer and owner of B&Q home stores is also plotting
to move offshore.
Banking giant HSBC was also reportedly considering a move away from the UK
this week.
The companies could be joining Alliance Boots which has quit Britain for
Germany and Shire for Ireland.
Further reading:
RSA and Kingfisher mull tax moves