TaxCorporate TaxUK’s top business chiefs threaten tax move

UK's top business chiefs threaten tax move

Uk business bosses rasie concerns over the U's ability to charge tax on their foreign dividends

Some of the biggest UK businesses have threatened to move their HQs out for
tax purposes.

Details emerged over the weekend of a recent meeting between the prime
minister and chancellor with chairmen from some of the UK biggest multinationals
over their concerns that the government would tax dividends from foreign
operations.

Chairmen from HSBC, Vodafone, GlaxoSmithKline, BAE Systems, BAT, Shell and BP
met the government to discuss the plans, according to the

Daily Telegraph
.

Shire and United Business Media recently stated that they plan to move their
company centre out of the UK for tax purposes, while other major organisations
have not ruled out a move.

WPP chief executive Sir Martin Sorrell said the company would consider moving
its tax domicile offshore.

Brit Insurance also raised concerns over the tax changes, according to
The
Times
.

Further reading:

Read
The Times’ story

Read the
Telegraph’s
story

Related Articles

Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

2m Alia Shoaib, Reporter
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

2m Austin Clark, Reporter
How to educate your clients about tax avoidance

Corporate Tax How to educate your clients about tax avoidance

2m Clear Books | Sponsored
CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

Corporate Tax CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

3m Austin Clark, Reporter
‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

3m Emma Smith, Managing Editor
Should I incorporate my buy-to-let business?

Corporate Tax Should I incorporate my buy-to-let business?

4m Emma Rawson