Does Dyson intend to buy England

Cowabunga · Jan 23, 2019

JCMaloney said:
Oh yes I get that part but surely any business makes the sensible/efficient choices irrespective of the surrounding "noise" ?

Yes, more and more are relocating abroad. It is especially notable that the champion Brexiteer, who actually manufactures nothing in the UK, is now even relocating his head office abroad. At least Rees Mogg has only moved some hedge funds to the Irish Republic as far as we know and so far.

Foxhollow · Jan 23, 2019

Dyson is essentially moving his group headquarters out of the UK and therefore the UK PLC will essentially not benefit from Dyson. In terms of his Dyson PLC investment in the UK against their investment in Asia the UK element is minimal. He is keeping the research element here and I suspect that will be a subsidiary to the main group and as they are undertaking research for Dyson group the research arm Dyson Research (UK) will make no profits and therefore pay no corporation tax. The money he is investing from the press release is only in bricks and mortar there is no increase in staff in UK.

These large companies are all very cute in their press releases in trying to give an impression that nothing has changed but essentially behind the scenes there are restructuring the company in terms of subsidiaries who do not actually deliver profits and the profits are generated at Group Holding level based in a low tax country.

I feel he is another one of the wealthy hypocrites who advocated the UK is better off out of the EU but he is not actually investing and creating money for the UK PLC now that the UK will be out of the EU. As has been said many times on other threads on these forums his buying of land is all a TAX dodge.

Still Farming · Jan 23, 2019

What tax do business and personal pay in Singapore ?

JCMaloney · Jan 23, 2019

Tax "dodge" or sensible business decision making? In this global world of ours corporate taxation doesn`t seem fit for purpose....

Roger Perry · Jan 23, 2019

Maybe the UK gov will get the message..........lowering taxes encourages business, business makes profit...pays' more taxes.

If it chose to do so Britain could be the Singapore of Europe,.........that would take some joined up thinking, is Britain up for it..?

texas pete · Jan 23, 2019

Still Farming said:
What tax do business and personal pay in Singapore ?

I read this morning, Corporation tax is 17%. 19% here I think.

texas pete · Jan 23, 2019

Roger Perry said:
Maybe the UK gov will get the message..........lowering taxes encourages business, business makes profit...pays' more taxes.

If it chose to do so Britain could be the Singapore of Europe,.........that would take some joined up thinking, is Britain up for it..?

It'll never catch on.

onthehoof · Jan 23, 2019

JCMaloney said:
Tax "dodge" or sensible business decision making? In this global world of ours corporate taxation doesn`t seem fit for purpose....

Tax dodge - the income/corporation tax he saves by going to Singapore he will invest in more UK farmland saving his kids a fortune in inheritance tax, he’s as bad as Philip Green

Widgetone · Jan 23, 2019

Joining the bankers and Sony then + others who will depart particularly in the event of a no deal. More loss to the UK exchequer.

Still Farming · Jan 23, 2019

Wonder if any ltd .companies farms here registered off shore/ abroad or cayman islands ???

Still Farming · Jan 23, 2019

Also.
https://thefarmingforum.co.uk/index.php?threads/dyson-traitor-or-shrewd-businessman.268598/

Rowland · Jan 23, 2019

JWL said:
Following this thread is like watching one of those "friendly " games of Monopoly, won't be long before the board gets flung up in the air and nobody is talking to one another

Friendly game of monopoly!!!!! What’s one of those??? Made my nephew cry at Christmas playing monopoly! He’ll learn

Derrick Hughes · Jan 23, 2019

What's he paying

turbo · Jan 23, 2019

Maybe if we were getting proper brexit instead of the balls up we look like getting he might of stayed,in tm agreement we cannot undercut Europe on taxes to gain an advantage so I don’t blame him for going

Still Farming · Jan 23, 2019

Could be the lame excuse front ,to long term plans that were on the cards anyhow maybe???

Roger Perry · Jan 23, 2019

Hypocrisy on view at Davos, 1500 private jets on the runway some helicoptering to hotels, just so they can talk about world poverty...go figure.!

farmerm · Jan 23, 2019

texas pete said:
I read this morning, Corporation tax is 17%. 19% here I think.

Its 20% here.. but a further 32.5% is now charged on dividend income to higher rate tax payers. So corporation tax is in effectively 52.5% for shareholders who earn over £34,500

Being marginally over the higher rate income limit is the worst place to be as a shareholder! Expensive mistake that was

Cowabunga · Jan 23, 2019

turbo said:
Maybe if we were getting proper brexit instead of the balls up we look like getting he might of stayed,in tm agreement we cannot undercut Europe on taxes to gain an advantage so I don’t blame him for going

Nonsense. We set our own taxes including corporation tax, which is about to be reduced one percentage point, or it has already been reduced, not sure which. Ireland is lower still and has been for years.
Another attempt at demonising the EU for something that has always been under UK control. You must already know this of course, because we get regular Budgets.

We can also choose how much VAT to charge and on what goods of course.

turbo · Jan 23, 2019

Cowabunga said:
Nonsense. We set our own taxes including corporation tax, which is about to be reduced one percentage point, or it has already been reduced, not sure which. Ireland is lower still and has been for years.
Another attempt at demonising the EU for something that has always been under UK control. You must already know this of course, because we get regular Budgets.

We can also choose how much VAT to charge and on what goods of course.

Read the agreement before you start telling us about it,you say we are in control of our taxes but could we do a way with vat altogether? I think you will find we cannot

hally · Jan 23, 2019

Cowabunga said:
Dyson is a big advocate of Brexit of course. What he didn't tell anyone was that he intended to brexit all his wealth creation out of the UK as soon as the UK left Europe.

Sony are also moving their European head office from the UK to mainland Europe. Looks like a whole lot of big brands are abandoning ship.

P and O ferries going to The Netherlands as well apparently

Does Dyson intend to buy England

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100% I’ve had enough of farming!

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