Ineos threatens to move headquarters out of Britain (From Hampshire Chronicle)
When news happens, text CHRON and your photos or videos to 80360. Or contact us by email & phone.
|
|
|
|
|
Ineos threatens to move headquarters out of Britain
10:53am Thursday 4th March 2010 in
-
- By Gareth Lewis » Business Editor
INEOS, one of Hampshire’s biggest companies, is preparing to move its headquarters out of the county and overseas in a bid to save on tax bills.
The implications for its Lyndhurst headquarters are today unclear, although the company said its day-to-day operations both in the UK and elsewhere around the world would remain unaffected.
As Britain’s largest private company, it would be a major blow for UK PLC if Ineos followed through with its threat to move to Switzerland. Ineos is largely owned by new Forest based billionaire Jim Ratcliffe, one of the UK’s richest men.
For full story see Friday’s Daily Echo
Comments(17)
English defence league Hythe division
says...
11:27am Thu 4 Mar 10
hulla baloo
says...
12:41pm Thu 4 Mar 10
The workers of course, who will have to pay more and more, in terms of direct, indirect and stealth taxes.
Far better to reduce the tax % and keep the business here, than to lose out altogether.
Ancient David
says...
12:47pm Thu 4 Mar 10
English defence league Hythe division wrote:Ineos are running a business-not providing a perpetual pot of gold for the Benefits system
Don,t they make enough to pay the taxes then or are they just like pompey.This is just total greed and i hope no one is made redundant.
Ted Rogers
says...
1:12pm Thu 4 Mar 10
Don't panic, they are just going to move their registered HQ out of the country so they pay less tax.
Shame that they will no longer be classed as a UK company, but we all know there are too many punitive measures in this country that prevent businesses profiting.
southy
says...
1:53pm Thu 4 Mar 10
Derek of Dibden Purlieu
says...
2:57pm Thu 4 Mar 10
southy wrote:They ought to show Ineos who's in charge by getting a job somewhere else!
theres making a profit and theres profiteering and ripping of its workforce.
james47
says...
3:06pm Thu 4 Mar 10
southy wrote:...ZZZZZZ.....viva la proletariat revolution.....ZZZZZ
theres making a profit and theres profiteering and ripping of its workforce.
ZZZZZZZ....bring on socialism...ZZZZZZZZ
Z....lets all be poor and miserable together....ZZZZZZZ.
....but at least we will all be equally poor and equally miserable....ZZZZZZZ
.....Heres a wonderful socialist idea for you southy....How about we raise the tax rate to 95%--similar to the 1970's--then all business and enterprise will simply move out of the UK...Now thats they way forward! We know what a success that was!...oh wait....streets filled with garbage and corpses left unburied...Southy's socialist utopia come true.....Bravo!
Jammy Donut
says...
5:12pm Thu 4 Mar 10
both stupid ludites.
Derek of Dibden Purlieu
says...
5:45pm Thu 4 Mar 10
Jammy Donut wrote:I think you'll find that Planning Permission has been granted as requested. All dutifully reported in the Lymington Times.
I can imagine its more to do with being refused planning permission to enlarge the HQ by NPA and Council,
both stupid ludites.
ameliaS
says...
6:07pm Thu 4 Mar 10
English defence league Hythe division wrote:I take it that you won't be taking a pay rise if offered? Come on! People running businesses are no different from the rest of us; we want to paid more if we can.
Don,t they make enough to pay the taxes then or are they just like pompey.This is just total greed and i hope no one is made redundant.
forest hump
says...
6:46pm Thu 4 Mar 10
Iw61
says...
7:46pm Thu 4 Mar 10
Provide detailed evidence that the Tax rate was 95% in the 70s??
Why have business also moved abroad during the Tory Government of 1981-97, Dyson is one that springs to mind.
Stop reading the millionaire, Tory owned press for anti union propoganda.
The deregulated during Tory times, banks did more damage to the country than the unions ever did.
I say again, idiot!!
Condor Man
says...
8:10pm Thu 4 Mar 10
Iw61 wrote:Dyson shifted production to Malaysia in 2002 because wages were substantially lower than they were in his Wiltshire plant. Who was in power in 2002?
Idiot Provide detailed evidence that the Tax rate was 95% in the 70s?? Why have business also moved abroad during the Tory Government of 1981-97, Dyson is one that springs to mind. Stop reading the millionaire, Tory owned press for anti union propoganda. The deregulated during Tory times, banks did more damage to the country than the unions ever did. I say again, idiot!!
We all know the punitive tax regime under the Wilson and Callaghan governments lead to the infamous 'brain drains'.
You really need to show more respect to other contributors. There really is no need for personal insults, this is a democratic forum for all comers.
geoff51
says...
8:33pm Thu 4 Mar 10
Derek of Dibden Purlieu
says...
11:34pm Thu 4 Mar 10
Iw61 wrote:Ask Denis Healey why he introduced it.
Idiot
Provide detailed evidence that the Tax rate was 95% in the 70s??
Why have business also moved abroad during the Tory Government of 1981-97, Dyson is one that springs to mind.
Stop reading the millionaire, Tory owned press for anti union propoganda.
The deregulated during Tory times, banks did more damage to the country than the unions ever did.
I say again, idiot!!
Derek of Dibden Purlieu
says...
11:42pm Thu 4 Mar 10
Derek of Dibden Purlieu wrote:A quick check on the Internet where facts can't hide shows that Mr Healey's top tax rates were 98% on unearned income and a mere 83% on earned income which must have been a powerful incentive to avoid tax by leaving this country. Come to think of it, people did and it was called the Brain Drain. Pass me the Foot and I'll shoot it
Iw61 wrote:Ask Denis Healey why he introduced it.
Idiot
Provide detailed evidence that the Tax rate was 95% in the 70s??
Why have business also moved abroad during the Tory Government of 1981-97, Dyson is one that springs to mind.
Stop reading the millionaire, Tory owned press for anti union propoganda.
The deregulated during Tory times, banks did more damage to the country than the unions ever did.
I say again, idiot!!
More Hampshire Business stories
- Winchester Business Excellence Awards 2012 - Deadline fast approaching for entries.
- Glimmer of hope for future of pub
- Final curtain for man who saved theatre
- Ed visits city in jobs boost campaign
- British Gas call centre goes face-to-face
- Flybe sales lifted by Finnish joint venture
- Taxi trade survey 'flawed'
- GAME to axe 46 jobs
- Success is in the Air
- Prince backs jobs bid
Ineos to quit UK over tax
Most popular
Local Information
Enter your postcode, town or place name
goard says...
11:27am Thu 4 Mar 10
goard