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Panasonic to move Europe headquarters from UK to Amsterdam

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Re: Panasonic to move Europe headquarters from UK to Amsterdam

#21
post #6

Earlier quoted context omitted.

We can either stop this madness or accept the results of a democratic referendum.

A democratic referendum can be rigged by the emotions ruling at the moment of said referendum. You'd think if it would be repeated it would get the same outcome?

So let's have people who know our best interests and are not "rigged" themselves decide for us?

Re: Panasonic to move Europe headquarters from UK to Amsterdam

#22
post #12

Which is neither here, not there. Companies are opportunistic and will go wherever makes them more money, has less tax, and laxer laws. That why tons of factories, support, and even development jobs moved out of Europe and US and into third world countries with el cheapo wages and laws accommodating sweatshop practices. In this case, it's because of easier import/export procedures and bureaucracy for selling to the r…

>> When the UK is able to set its own lower tax rates and cuts special deals for such matters (which they'll do), lots of companies will flock back there too (same as they did with Ireland).

It really depends by what kind of deal they get from EU. Even if UK becomes a tax heaven it won't help Panasonic if it has to pay higher import taxes in EU along with supply chain issues.

Re: Panasonic to move Europe headquarters from UK to Amsterdam

#23
post #12

Which is neither here, not there. Companies are opportunistic and will go wherever makes them more money, has less tax, and laxer laws. That why tons of factories, support, and even development jobs moved out of Europe and US and into third world countries with el cheapo wages and laws accommodating sweatshop practices. In this case, it's because of easier import/export procedures and bureaucracy for selling to the r…

Ireland is in the EU though.

Yes, but got in trouble for its tax policies from the EU.

Re: Panasonic to move Europe headquarters from UK to Amsterdam

#24
Techcrunch reported on most of the article from Nikkei, except this part:

> Of the 20 to 30 people employed at the London office, the 10 to 20 who handle auditing and financial operations will be moved to the Netherlands, with only investor relations staff staying.

Is the headquarters nominal, or does it pay signicifant tax where it is located?

Re: Panasonic to move Europe headquarters from UK to Amsterdam

#26
post #15
post #5

Earlier quoted context omitted.

You can't stop it. Even if Brexit was reversed - which I doubt even possible - Britain has been shown to be a source of political risk. That isn't going away.

> Britain has been shown to be a source of political risk Compared to e.g. the rest of Europe, which initiated 2 major world wars, 3 dictatorships, and major unrests in the last century, and managed to get into a deep systemic crisis in the last 10 years?

Europe has changed. It may not be a single nation yet, but there will be no more European wars.

England is lagging behind. They still seem to think they're an empire.

Re: Panasonic to move Europe headquarters from UK to Amsterdam

#27
post #12

Which is neither here, not there. Companies are opportunistic and will go wherever makes them more money, has less tax, and laxer laws. That why tons of factories, support, and even development jobs moved out of Europe and US and into third world countries with el cheapo wages and laws accommodating sweatshop practices. In this case, it's because of easier import/export procedures and bureaucracy for selling to the r…

So you are saying we can get the companies back paying even less tax? Why are you presenting this like it's a good thing?

Re: Panasonic to move Europe headquarters from UK to Amsterdam

#28
post #12

Which is neither here, not there. Companies are opportunistic and will go wherever makes them more money, has less tax, and laxer laws. That why tons of factories, support, and even development jobs moved out of Europe and US and into third world countries with el cheapo wages and laws accommodating sweatshop practices. In this case, it's because of easier import/export procedures and bureaucracy for selling to the r…

Companies are unlikely to flock back to the UK is it has expensive trade barriers with the rest of the European market, regardless of the “tax deals” which are cut.

Re: Panasonic to move Europe headquarters from UK to Amsterdam

#29
post #2

Not the first, and won't be the last. We have to stop this madness.

We can either stop this madness or accept the results of a democratic referendum.

This is important enough that you want to get it right, which means you want most voters absolutely sure they want the outcome. Take three votes over five years to be sure. A one-off referendum with an issue of this magnitude is like voting for a party once and then having it stay in power forever.

Re: Panasonic to move Europe headquarters from UK to Amsterdam

#30
post #19

Earlier quoted context omitted.

I'm going to paraphrase the referendum choices here. 1. The status quo. 2. Imagine how things could be better. Don't constrain your imagination with realism. It's a wonder option 2 only won by 2 percent. The only democratic way forward is to have a referendum on the final "deal".

Well, the other side is also constantly going: "Imagine how things could be worse. Don't constrain your imagination with realism." Let's check back in 1-2 years if the sky has fallen...

GB existed before the EU and will continue to exist after it.
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