We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
High taxes mean Insurers consider leaving UK
Mr_Matey
Posts: 608 Forumite
Nothing too new, companies move for tax reasons all the time. But something for those who are sick of hearing about the banking industry moving. 
Wall Street Journal:
http://online.wsj.com/article/BT-CO-20100125-709903.html
http://www.businessweek.com/news/2010-01-19/chaucer-may-leave-u-k-as-lloyd-s-of-london-insurers-flee-tax.html
Wall Street Journal:
http://online.wsj.com/article/BT-CO-20100125-709903.html
- Other financial centres are looking more and more attractive to businesses. The article mentions the Netherlands, Ireland and HK.
- The UK needs to ensure it retains such businesses.
- The insurance industry contributes £8.2bn in UK tax.
http://www.businessweek.com/news/2010-01-19/chaucer-may-leave-u-k-as-lloyd-s-of-london-insurers-flee-tax.html
- Non-UK domiciled insurers have an advantage over their peers
- A few are considering moving purely for tax reasons.
0
Comments
-
The Bahamas is the traditional off-shore place for re-insurance AIUI.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards