TaxCorporate TaxRSA and Kingfisher mull tax moves

RSA and Kingfisher mull tax moves

Kingfisher move being considered 'more in sorrow than in anger'

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’.

Further Reading:

Read
The Daily Telegraph‘s story

Read the City
AM
story

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