{"id":17173,"date":"2012-09-06T09:27:35","date_gmt":"2012-09-06T08:27:35","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=17173"},"modified":"2012-09-06T09:27:35","modified_gmt":"2012-09-06T08:27:35","slug":"if-wpp-can-move-its-tax-residence-at-will-its-clearly-too-easy-to-do-so","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/09\/06\/if-wpp-can-move-its-tax-residence-at-will-its-clearly-too-easy-to-do-so\/","title":{"rendered":"If WPP can move its tax residence at will it&#8217;s clearly too easy to do so"},"content":{"rendered":"<p><a href=\"http:\/\/www.accountancyage.com\/aa\/news\/2201745\/wpp-moves-headquarters-back-to-uk\" target=\"_blank\">WPP is moving its tax residence back to the UK<\/a>. Osborne has bribed them back with his absurd new rules that exempt a UK parent company from almost all tax on profits that the company can\u00a0shift\u00a0into its tax haven subsidiaries.<\/p>\n<p>But this actually says one thing - which is that it is ludicrous that such an important matter can be so\u00a0easily\u00a0determined by a company at will.\u00a0Absurdly\u00a0the residence of a company is, broadly, set by the place where the board of directors meet given that other appropriate legal structures are put in place, which is not hard to do. Now the rule on where the board of directors met made sense in the steamship age when it was established (in 1929) but it\u00a0makes\u00a0no sense at all now. The fact that a board can meet almost anywhere for a few hours travel makes this a meaningless concept.<\/p>\n<p>It's time that this silly\u00a0opportunity\u00a0for massive tax avoidance was closed and\u00a0residence\u00a0was\u00a0determined\u00a0on more fundamental factors, like where the head office is. WPP's never\u00a0left\u00a0the UK.<\/p>\n<p>How\u00a0about\u00a0it George? Or am I asking the\u00a0wrong\u00a0man?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WPP is moving its tax residence back to the UK. Osborne has bribed them back with his absurd new rules that exempt a UK parent<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/09\/06\/if-wpp-can-move-its-tax-residence-at-will-its-clearly-too-easy-to-do-so\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-17173","post","type-post","status-publish","format-standard","hentry","category-corporation-tax"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/17173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=17173"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/17173\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=17173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=17173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=17173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}