Not sure about China yet but in India many large firms are creating local offices and support as they see both the cost savings and the avenue into a new massive market as very tempting.
Now if SAS believes that the darkies only have some dodgy Universities and they pose no threat, who am I to disagree?
But living near Heathrow and with plenty of Aircraft engineers around I was being told 10 years ago that most plane servicing was moving to cheaper shores. China not America or Australia.
http://www.obsa.org/Lists/Documentac...Airport_EN.pdf
In geographical terms, there is a developing trend
to move into China, the Far East and South America
in pursuit of lower labour costs. In the survey carried out as part of the study, most MRO providers
said that the concerns over service quality in these
emerging areas were gradually receding. Within Europe there has been a move to lower cost countries
in Central and Eastern Europe; e.g. Poland and Hungary
to move into China, the Far East and South America
in pursuit of lower labour costs. In the survey carried out as part of the study, most MRO providers
said that the concerns over service quality in these
emerging areas were gradually receding. Within Europe there has been a move to lower cost countries
in Central and Eastern Europe; e.g. Poland and Hungary
Yes multinationals declare dividends but I doubt they come to the UK much. Various shares I have pay dividends around Europe, most pension funds will be as tax efficient as they come. IMHO The only tax we can really rely on long term is PAYE & VAT.



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