R E L A T E D   C O N T E N T
ADVERTISEMENT

Aberdeen latest to join corporate exodus

AccountancyAge.com, Accountancy Age 07 May 2008

Aberdeen Asset Management is the last in the ranks of corporate groups seeking a friendlier tax regime

ADVERTISEMENT

Aberdeen Asset Management is the latest in the ranks of corporate groups considering moving its headquarters offshore for tax purposes as speculation grows that a wave of British fund managers could exit the country in protest of Treasury tax changes.

Aberdeen has been based in the Granite City since 1987, when it was established out of a $50m investment trust in a management buyout led by Martin Gilbert, chief executive.

Losing the company, which yesterday bolstered its funds under management to £114bn through the acquisition of a property business, would be a big blow to the Treasury, The Times said.

Aberdeen follows Brit Insurance, which is one of several insurance companies that might move their headqarters to lower-tax regimes such as Dublin and Geneva, on the fast growing list of corporate groups which are threatening to leave the UK because of its unfavourable tax levies.

Further reading:

UK's top business chiefs threaten tax move

Multinational bosses threaten corp exodus

Read The Times story

M A R K E T P L A C E
V-SOL: Supply Premium Vehicle Tracking Systems to MOD, TRansport for LONDON and EDF-CHANNEL RELEASE!
Expert Buyers is the UKs Leading No Savings No Fee IT Procurement Service. Claim your Free Audit Now
WAN based, automated, daily vulnerability assessments. Click here to try and request our whitepapers.
As recognised by the Accountancy Age Awards 2004, 2005 and 2006.
Online Time & Attendance Tracking 30 Day Free Trial ( $49 a year )
Have your product or service listed here >   
London, United Kingdom | CABE
Head of Finance, London, £41,500 PA (value of total reward package including benefits up to £55,000) An exciting opportunity has arisen within CABE to lead our finance function. We are looking for a qualified accountant ... more >
United Kingdom | Temple Quay Recruitment Ltd
Corporate Finance Executive, Bristol Up to £45k A great opportunity has arisen for a Corporate Finance Executive to join a successful Accountancy firm in Bristol. You will be working as part of a team in ... more >
Norwich, United Kingdom | Norwich Union Plc
Process & Control Development Managers, Norwich, £45,000 - £65,000 & benefits (depending on experience)  If you have a respected accountancy qualification, plus leadership, risk management, relationship management and business change experience, this is an influential ... more >
Birmingham, United Kingdom | Msgee Shariff Accountants & Business Advisors
Senior / Semi-Senior Management Accountant, Birmingham, £19,000 to £25,000 As a Senior / Semi-Senior Management Accountant main duties will include: Dealing with Financial Risk Assessment and Business Development including the preparation of Business Plan for ... more >
More Jobs in Finance

Job zone
Job of the week
Related jobs
Search for a job
 
Try our Advanced search