Can the government stop the trickle of companies leaving the UK for Ireland turning into a flood?
Companies have long complained that the tax policy being pursued by the
current government was making the UK a less attractive place to have the
headquarters of a multinational business. Recent proposals over the taxation of
foreign profits finally seems to have tipped some of those critics over the edge
and into action.
Several big names have already stated their intentions to hop across the
Irish Sea and settle in Ireland, where corporate tax rates are much lower, and
many others are considering following suit. Will the government continue with
its aggressive strategy and risk a tax exodus or will it back down?
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