Corporate Relocation

One third of UK companies consider moving offshore

05 October, 2010

A recent research has shown that one in three UK companies are considering moving offshore due to burdensome corporation tax.

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Wolseley’s move to Swiss tax haven will save up to £23m in tax

28 September, 2010

The UK is now showing concerns of a second exodus as Wolseley moves to a Swiss tax haven. The building supplies group will be saving up to £23m in tax; it said that the uncertainty around the tax regime in the UK had been the reason behind the offshore move.

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Wolseley UK to move to Switzerland’s more benevolent tax regime

27 September, 2010

Wolseley is the latest UK company to run to Switzerland's more benign tax regime and save an amount of £23m a year.

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Offshore betting costs 400 British jobs in Leeds and Sheffield

26 July, 2010

400 British workers will be affected as William Hill closes one of its call centres and jobs are outsourced as the company moves their telephone betting service offshore.

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FTSE 100 firms considering move to Switzerland’s low tax environment

13 June, 2010

According to the report a Swiss canton and an accountancy firm have joined forces to draw UK companies and rich citizens to Switzerland.

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Life Healthcare ready to move offshore

10 June, 2010

According to a health industry analyst the newly listed Johannesburg hospital group Life Healthcare is planning to move offshore.

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Internet betting operation Ladbrokes moves offshore

07 August, 2009

Ladbrokes has now joined William Hill and will move its internet betting operation to Gibraltar by the end of the year.

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Betting firms break a gentleman’s agreement and head offshore

04 August, 2009

In a recent report it was stated that the 2001 'gentleman's agreement' had been broken with William Hill's confirmation that it was relocating its internet sports betting operation to Gibraltar.

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Shire to quit for Ireland due to Uk tax burden

15 April, 2009

Shire, one of the world's leading specialty biopharmaceutical companies, is the first FTSE 100 company to leave the UK for tax reasons.

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Yahoo moves to Switzerland to reduce taxes

14 March, 2009

Yahoo has become the most recent of the multinational companies that are moving its business to countries with lower corporation taxes.

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