Tax laws forcing medical sales firms to leave the UK

Many big names such as Regus, google uk, Yahoo UK and the Henderson group have lead an exodus based on the UK's uncompetitive tax structure.  Shire and Proctor and Gamble are just 2 big medical sales firms to follow suit.  Shire where the first to announce that they would be moving over to Ireland to benefit form a 12.5% tax rate versus the 28% of the UK.  The likes of Henderson have already been reporting that the whole business regime is far more business friendly.  It must have been a significant improvement for a company with a 75 year history in the UK.

It's a big blow to the government for whom the pharmaceutical industry has been one of it's prize sectors with many large international blue chip companies.  The government has only recently appear on the news defending the UK business tax system, however, the proof of the pudding...as they say!

Conservative ministers are calling for an immediate reduction in corporation tax of 3% to 25% and belive that this and several other reforms will be necessary in the UK to stop the exodus.

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