Thursday, May 1, 2008

Big companies consider domicile status

Big companies consider domicile status

By FT Reporters

Published: April 30 2008 23:09 | Last updated: April 30 2008 23:09

As Gordon Brown moved on Wednesday to allay City concerns by promising cuts to corporation tax, a survey by the Financial Times revealed a level of dissatisfaction with his tax regime among some of the UK’s biggest companies.

It emerged that International Power is considering moving its corporate headquarters away from the UK because of looming tax reforms. In addition, two more of the companies surveyed, Aegis and ITV, said they were also watching developments.

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