Following confirmation yesterday that Henderson Group are relocating
operations offshore for tax reasons, Regus has also joined the list of those
According to a
on telegraph.co.uk, the FTSE 250 company has announced its plans to move its
domicile to Luxembourg.
The business currently has a market value of nearly £720m.
In May this year, chancellor Alistair Darling set up an international tax
forum and met the chief executives of some of Britain’s biggest companies in a
bid to prevent an exodus of companies from the UK.
Regus operates over 950 business centres across 400 cities in 70 countries,
and products and services include fully furnished, equipped and staffed offices,
business support services, meeting conference and training facilities.
The company is run by former hot dog salesman Mark Dixon, who is based
offshore in the tax haven of Monaco.
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