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Taxing times as companies quit UK

Financial Times: Taxing times as companies quit UK

By Vanessa Houlder
Published: April 16 2008 03:00 | Last updated: April 16 2008 03:00

* 2005

Royal Dutch Shell opted for a parent company with Dutch headquarters and tax residency when it overhauled its dual-listed structure

* 2006

Hiscox, a Lloyd’s specialist insurer, moved its head office to Bermuda

Omega Underwriting, an Aim-listed insurer, moved its domicile to Bermuda

Colt Telecom created a new Luxembourg-based holding company at the same time as a big financial restructuring

Experian set up European headquarters in Dublin when it demerged from GUS, the retail group

* 2007

Ebay, the online business, moved its tax base from the UK to Luxembourg

Kraft, the consumer company, moved its European headquarters from the UK and Austria to Switzerland

* 2008

Yahoo, the internet company, said earlier this year that it was moving its European headquarters to Switzerland

Shire creates a new group structure, with a parent company tax resident in Ireland, to ‘help protect the group’s taxation position, and better facilitate the group’s financial management’

Vanessa Houlder

Copyright The Financial Times Limited 2008 and its also non-profit sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

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