29th Apr 2008

More UK firms head for Ireland

United Business Media is the latest UK firm to announce it is moving to Ireland for tax reasons. Last week Shire said they would also relocate their profit centre to this small island.

I am not one to promote tax dodging in big business but on the other hand we all need to accept the realities of global markets and the mobility of internal capital.

Varney II is still awaited here in Northern Ireland. I will eat my hat if he sees the obvious opportunity to plug the exodus of British business by allowing them the possibility to stay in the UK in a lower tax NI. We all live in hope.

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