The move by Terra Firma’s chief Guy Hands to Guernsey has impacted on the
private equity firm’s profits.
Hands moved to Guernsey as a protest the UK tax regime, opening an office on
the island and moving out of one of its two floors in London.
The subsequent hit from the cost of refurbishing the floor and sub-letting
was £2m. Profits for the year end March 2009 fell 43% to £1.87m, while turnover
climbed to £47.8m from £47.2m, reported the
The EMI and Odeon UCI-owning firm said the move also reflected its slowing
growth due to tough market conditions.
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