Govt’s tax rises on corporate foreign earnings could damage Britain’s appeal
as a gateway to EU for US companies
ADVERTISEMENT
A leading partner in a major tax firm warned US companies seeking to set up
European headquarters were increasingly uncomfortable with Britain’s tax regime
and were considering other bases such as Ireland and the Netherlands,
He told The Daily Telegraph that, while UK companies such as Shire
Pharmaceuticals were in the spotlight for announcing its move to Ireland, a
number of US companies were ‘diverting already’.
Other leading tax experts said UK companies were increasingly expressing
fears about the proposed legislative changes. Bill Dodwell,
Deloitte
head of tax policy, said: ‘It has moved rapidly up the boardroom agenda.’
John Whiting, a
PricewaterhouseCoopers
partner, said the potential losses to the government from firms relocating their
tax domiciles were substantial –corporation tax alone contributed about £50bn or
9% of total government revenues.
Service Compliance Accountant, Worcester, £26,649-£30,496Our client, Animal Health, is the government's executive agency responsible for ensuring that farmed animals in Britain are healthy, disease-free and well looked after. The organisation is primarily concerned with implementing ... more >
Programmes Finance Manager 3 month fixed term contract £25,000 - £28,000 per annum (including London Weighting) Based in Central London with up to one day per week in Walthamstow Y Care International (YCI) is ... more >
Towcester, United Kingdom | South Northamptonshire Council
Project Accountant, Towcester, Up to £32,070 plus an additional £3,150 (pay award pending) Ambitious to succeed,you will relish the opportunity to grow and develop within a progressive local authority embarking on an exciting programme of ... more >
Entrepreneurial, Surrey-based business requires their first FD to support a variety of planned acquisitions and organic growth whilst running a small finance division. Reporting to an entrepreneurial Managing Director and as a key member of ... more >
More Jobs in Finance
RSS feeds