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

[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

[Old Greg]

Smart move.

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

[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?

[Platypus]

Plus Singapore is not Malaysia ... he really is dumb

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

[Yorkie62]

He sucks

Nah he uses the power of the vortex

[Snarf]

Can't really blame him, no matter how you voted you have to admit current proceedings are a complete mess.

[Whorty]

Oh come on now, you're suggesting that the EU paid Dyson to move to Malaysia???

Plus Singapore is not Malaysia ... he really is dumb

He should stick to insults and peeling spuds, it's all he's good at

[AtW]

A moral vacuum.

He sucks

[Old Greg]

“A spokeswoman for the 71-year-old billionaire said he would “continue to divide his time between Singapore and the UK as the business requires it”“

So he personally moves there, so tax it is then

A moral vacuum.

[AtW]

“A spokeswoman for the 71-year-old billionaire said he would “continue to divide his time between Singapore and the UK as the business requires it”“

So he personally moves there, so tax it is then

[darmstadt]

BTW, Dyson, could you take Worzel Gummidge with you:

[AtW]

It’s tax related, he won’t be manufacturing stuff there

[darmstadt]

Dyson’s announcement comes shortly after Singapore and the EU agreed a landmark free trade agreement.

Probably because a trading block of 500 million people spread across 27 countries is actually more important to business than an island which is leaving that trading block.

[meridian]

Lol, as usual whenever you try to provide some sort of "fact", you fall immediately on your arse, and then try to cover it up.

Your ignorance is transparent.

[shaunbhoy]