Dyson voted leave - So he leaves and moves his HQ to Singapore

[Eirikur]

Dyson vacuum cleaner production IS in Malaysia ... you really are dumb

The thread is about Dyson HQ moving to Singapore, some dumbass brexiteer calls it Malaysia so who are the dumb ones?

[Old Greg]

Smart move.

Singapore, European Union sign landmark free trade, partnership agreements, Europe News & Top Stories - The Straits Times

[darmstadt]

From the man who said that no deal with the EU was no problem because “they’ll come to us”. Now it seems Dyson has decided to go to them.


So what does Singapore have over a “no deal” Brexit Britain – which Dyson welcomed? What about:

• A recent free trade agreement with the EU, to go with ones with China and the United States, plus the Singapore Freeport;
  
• International companies who headquarter themselves in Singapore can see corporation tax (currently 17 percent, compared with 19 percent in the UK) fall to 10 or 5 percent or even zero, thanks to lengthy tax breaks and generous incentives, especially for those who create jobs;
  
• No tax on dividends – the Dyson family could have paid 38 percent on the £86m dividends for 2017 (down from £111m) from the parent Weybourne Group;
  
• No capital gains tax on a future sale or inheritance tax (IHT) (Dyson is 71);
  
• Less stringent corporate disclosure and governance requirements for private companies (a Dyson moan);
  
• Finally, no risk from a Corbyn government targeting the rich.

Dyson moved control offshore once before – to Malta in 2009 – then returned in 2013. He has also legitimately taken advantage of film tax schemes and IHT-efficient investments in agricultural land