Fears of Britain in financial services leadership
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Top ten operators new page in the specialist market London assurance company, where British companies historically led worldwide re-domiciled or moved their tax residence during the last decade.
Approximately 1.3 million people working in financial services at the United Kingdom and sector contributes 11pc tax on total income the United Kingdom and its tax on corporations, 15pc approximately ￡ 42bn in 2007-2008.
Top ten operators new page in the specialist market London assurance company, where British companies historically led worldwide re-domiciled or moved their tax residence during the last decade.
The majority were moved, leaving only nine more than 50 agents management Lloyd domiciled in the United Kingdom July 2010.Cela reduces United Kingdom more tax of ￡ billion.
Shares these companies also threaten domestic employment in this industry, such as building societies capacity abroad to demonstrate key business decisions are made outside of the United Kingdom.
In the meantime, a number of London-based hedge funds have recently decided to move Switzerland, attracted by the less taxes, and three more major private banks capitalized the United Kingdom have all stated publicly that they might reconsider their UK homes in the UK - changes in regulations, high taxes continuous and levies and restrictions on their ability to pay salaries competitive to retain the best talent market potentials.
Lose everything or potentially all the three headquarters, would be a blow to the status of London as a global financial centre.
Other multinationals have also been déplacés.Comté, the third largest pharmaceutical company of the United Kingdom and WPP, a marketing and advertising business, moved from Headquarters in the Republic of Ireland .Wolseley, large distributor the planet plumbing products, heating has decided to move his tax residence in Switzerland.
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