The British Tax system is byzantine and frankly no longer top of the heap. A good tax system not only helps fund the public sector but also provides good security and operating framework for firms who operate under its umbrella. For firms such as WPP, Shire, Regus, Henderson, Charter, Beazley, Brit Insurance, UBM, McDonald’s, Kraft, Proctor & Gamble, Google, Yahoo etc. etc. are all moving off the UK. Its not just the headquarters that move off, its also the senior management who move off, they take the intangible senior leadership horsepower with them.
But then, the current government is a twit. Good heavens. Here, read all about how McDonald’s is off to Switzerland.