UK companies moving their tax base to Ireland

[DimPrawn]

http://www.ft.com/cms/s/0/3c79f654-7...0779fd18c.html
http://www.telegraph.co.uk/money/mai...2/cntax122.xml

Kingfisher, owner of B&Q, and insurance firm RSA are the latest UK firms to consider moving their headquarters offshore to help save money. Kingfisher is said to be at "an early stage" of examining its tax domicile and has asked its auditor, PricewaterhouseCoopers, to review the possibility. Also, RSA is "considering" moving its tax base to Ireland.

How do you move your tax base to Ireland? What is the tax domicile of a UK Company?

Are we missing a trick here?

[AtW]

All tax rates should be harmonised in Europe - plus minutes few percents max. All offshores closed. Then taxation can be gradually reduced.

[DiscoStu]

All tax rates should be harmonised in Europe - plus minutes few percents max. All offshores closed. Then taxation can be gradually reduced.

You really do live in cloud cuckoo land sometimes...

[DimPrawn]

All tax rates should be harmonised in Europe - plus minutes few percents max. All offshores closed. Then taxation can be gradually reduced.

Thanks for that insightful look into the state controlled communist mind.






Now fook off and make that search engine.

[AtW]

You really do live in cloud cuckoo land sometimes...

VAT is harmonised more or less - they do have rather high delta for tax difference allowed for countries, but still it was a way forward.

The whole point of EU is to have level playing field - the key part to it is harmonisation of taxes.

[DodgyAgent]

All tax rates should be harmonised in Europe - plus minutes few percents max. All offshores closed. Then taxation can be gradually reduced.

Absolutely not.

each country should be made to compete for the privilige of companies locating themselves in their country. Governments will then be forced to make their business environments competitive, lifestyle attractive (no crime, good schools good health). If like France they attach more importance to civic society at the expense of being "business competitive" let them have the choice. If like Poland they want to attract manufacturing low cost businesses, but with shoddy housing and rusty transport, then let them. If like London they want to attract financial companies with big offices, established trading systems and strong infrastructure then let them.

The last thing our rulers need is a set of rules and taxes that they dont have to do anything for.

[AtW]

Absolutely not.

What happens right now is that big companies shift their HQs around to find the lowest tax location - Ireland in this case. That's unfair competition and it will never work well for countries anyway as those HQs will jump from one place to another. As the result Govts have to increase indirect taxation (fuel, beer, smokes etc) on population, that's why people don't have much disposable income and that's why they almost had to get in debt.

[BrilloPad]

All tax rates should be harmonised in Europe - plus minutes few percents max. All offshores closed. Then taxation can be gradually reduced.

What ever happening to free market competition?

Oh yes - you don't believe in it! Silly me I forgot....

[The Lone Gunman]

What happens right now is that big companies shift their HQs around to find the lowest tax location - Ireland in this case. That's unfair competition and it will never work well for countries anyway as those HQs will jump from one place to another. As the result Govts have to increase indirect taxation (fuel, beer, smokes etc) on population, that's why people don't have much disposable income and that's why they almost had to get in debt.

And if it is a blanket across Europe they will relocate outside the EU.

[DodgyAgent]

What happens right now is that big companies shift their HQs around to find the lowest tax location - Ireland in this case. That's unfair competition and it will never work well for countries anyway as those HQs will jump from one place to another. As the result Govts have to increase indirect taxation (fuel, beer, smokes etc) on population, that's why people don't have much disposable income and that's why they almost had to get in debt.

Why is it unfair? why is it fair for you to live and work here when you should be back in Russia earning and paying tax there.