24.2 C
Accra
Monday, October 3, 2022

Panasonic to move Europe headquarters from UK to Amsterdam

Must Read

Otumfuo calls for urgent steps to tackle alarming rate of deforestation

SOURCE: GNA Otumfuo Osei Tutu II, the Asantehene, has called for urgent steps to curb the alarming rate of deforestation...

Tragic: 174 people killed in Indonesian stadium stampede and riot

SOURCE: GNA - At least 174 people are reported to have died after clashes at the Kanjuruhan Stadium located in...

Burkina Faso coup: AU condemns military junta

SOURCE: African Editors African Union has condemned what it called the “unconstitutional change of government” in Burkina Faso. On Friday, Junior...
Seli Baisie
Journalist/ Entertainment and Lifestyle blogger.

Panasonic will move its European headquarters from the UK to Amsterdam in October as Brexit approaches.
The aim is to avoid potential tax issues linked to the UK’s decision to leave the EU, said Panasonic Europe’s chief executive Laurent Abadie.
In the run-up to March 2019, a number of multinational firms have said they plan to move jobs out of the UK.
Several Japanese financial companies have said they intend to move their main EU bases away from London.
Panasonic’s decision was driven by a fear that Japan could start considering the UK a tax haven if it cuts corporate tax rates to attract business, Mr Abadie told the Nikkei Asian Review newspaper.
If Panasonic ends up paying less tax in the UK, that could render it liable for a bigger tax bill in Japan.

SourceBBC NEWS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Otumfuo calls for urgent steps to tackle alarming rate of deforestation

SOURCE: GNA Otumfuo Osei Tutu II, the Asantehene, has called for urgent steps to curb the alarming rate of deforestation...

Tragic: 174 people killed in Indonesian stadium stampede and riot

SOURCE: GNA - At least 174 people are reported to have died after clashes at the Kanjuruhan Stadium located in East Java, Indonesia on Saturday. This...

Burkina Faso coup: AU condemns military junta

SOURCE: African Editors African Union has condemned what it called the “unconstitutional change of government” in Burkina Faso. On Friday, Junior officers overthrew Lieutenant-Colonel Paul-Henri Sandaogo...

GRA sanctions three Auto Mechanic shops at Adenta and Madina

SOURCE: GNA The Ghana Revenue Authority,  GRA has seized documents and equipment from alleged tax defaulters for failing to issue Value Added Tax, VAT, invoices. GRA...

CAF to re-open bidding for 2025 Africa Cup of Nations

The Confederation of African Football, CAF, is to re-open bidding for the 2025 Africa Cup of Nations after stripping Guinea of the right to...

More Articles Like This