• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
  • Guest Content
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home Business and Economics Business

Another one bites the dust: Panasonic set to move HQ to Amsterdam

Panasonic has become one of the first global companies to lay the blame of a decision to move their headquarters to Europe directly on the doorstep of Brexit. The Japanese technology giant announced today that it will move its European headquarters from the UK to Amsterdam in October as Brexit approaches. The aim is to […]

Jack Peat by Jack Peat
2018-08-30 11:20
in Business, News, Politics
FacebookTwitterLinkedinEmailWhatsapp

Panasonic has become one of the first global companies to lay the blame of a decision to move their headquarters to Europe directly on the doorstep of Brexit.

The Japanese technology giant announced today that it 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.

It comes as several other Japanese financial companies say 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.

Japan is a major investor in the UK, where more than 800 Japanese companies employ more than 100,000 people.

Mr Abadie told the Nikkei Asian Review that Panasonic had been considering the move for 15 months, because of Brexit-related concerns such as access to free flow of goods and people.

The newspaper said employees dealing with auditing and financial operations would move, but those dealing with investor relations would stay in the UK.

RelatedPosts

Watch: Matt Hancock asks for £1.5k an HOUR for role at fake firm set up by Led by Donkeys

After 49 days in office, Liz Truss picks ‘Tufton Street Brextremists’ for peerages

Laurence Fox says his son told him he needed his consent to kiss him goodnight

Polling suggests Johnson definitely did not win in the court of public opinion, contrary to Rees-Mogg’s remarks

A spokesperson for the firm could not comment on the numbers of people who would have to move to Amsterdam.

Content Protection by DMCA.com

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending

Elevenses: Exposing the Tories’ Deepfake Illegal Immigration Bill

Elevenses: Rishi’s Finest Hour

Elevenses: Fear and Loathing in the New Conservatives

More from TLE

Brexit deal means ‘protections for workers,climate and the environment at serious risk of being eroded’

‘You rejected it!’ Tory MP called out on hypocrisy over coal mine

‘Very dodgy decision’ by ‘lame duck PM’ – Anger as Johnson signs off nuclear deal

It’s official: The rich are getting richer while the poor are getting poorer

Tory chairman resigns after saying A&E is full of ‘fat mums in Pot Noodle-stained leggings’

Theresa May set to rule out people’s vote despite reports of cross-party talks on second referendum

UK Weather forecast, Sunday 22 August 2021

Hunt ‘could be out of job’ by next year following Swiss-style Brexit rebellion

Watch – Mexico will have to pay for the wall ‘100%,’ says Trump

Men, Women and Children – Vod Review and Competition

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.