Timmy ElsewhereApril 16, 2008 Tim WorstallTimmy Elsewhere2 CommentsAt the Business. Companies moving offshore, profits in health care and being cruel to Willy Hutton. I\’m travelling today, so that\’s gonna be all you\’ll get until Friday. previousThis Will Be FunnextTimmy Elsewhere 2 thoughts on “Timmy Elsewhere” john b April 16, 2008 at 1:44 pm I know you know this, but it’s worth noting for the reader: this only affects taxation of profits made outside the UK, so is only worthwhile for UK plcs that derive a sizeable proportion of their revenues from abroad. Experian is another UK-based-in-real-life, London-listed, Irish-domiciled firm, FYI. RDS now has its corporate domicile in the Netherlands, where the headline corporate tax rate is 25.5%, however that was part of a massive restructuring and probably wouldn’t have been worthwhile on its own. I’d be very surprised if BP were to move to a low-tax domicile since it’s so dependent on UK political goodwill, at least until the North Sea oil runs out – same for BAe. Now, GSK and AstraZeneca on the other hand… Mark Wadsworth April 16, 2008 at 3:47 pm Seeing as John B has cross-posted, I shall do the same. For a slightly more informed summary, see here. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.