US Companies Flock to Britain For Tax Reasons

According to Financial Times’ Vanessa Houlder at least 20 multinationals are drawing up plans to move their regional or global headquarters to Britain over the next year after government efforts to increase the competitiveness of the UK’s business tax regime.

 Ernst & Young, the professional services firm, said the country was successfully competing with low-tax countries such as Switzerland and Singapore as a base for multinational companie  The firm told the Financial Times that the 20 planned moves it was aware of would create about 2,000 highly-paid jobs and generate several hundred millions of pounds of extra corporate, employment and consumption tax revenues…..

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