Has the U.K. become a tax haven?

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr U.S. companies are increasingly viewing the U.K. as a place to relocate to pare their tax bills.by. Alanna PetroffWhy? Relatively low tax rates and a business-friendly environment.Pfizer (PFE, Fortune 500) was the latest high-profile example; it tried to take over the British pharmaceutical firm AstraZeneca (AZN).American and French media giants Omnicom (OMC, Fortune 500) and Publicis (PGPEF) also planned a mega-merger that would have seen the new firm domiciled in the U.K., though the deal was scuppered.Meanwhile, the British-based InterContinental Hotels (IHG) was reportedly approached by a U.S. suitor who may have been looking to take advantage of a more favorable U.K. tax system.British corporate tax rates are near 20%. In the U.S., rates are closer to 40% — among the highest in the developed world.The U.S. also levies high taxes on income that’s earned abroad and brought back — or repatriated — to the States.last_img read more

QPR said to be considering Yakubu deal, Villa linked with Fulham star

first_imgFollow West London Sport on TwitterFind us on Facebook Harry Redknapp is considering signing Yakubu for QPR, the Daily Mirror say.The 32-year-old striker played under Rangers boss Redknapp at Portsmouth and also had spells at Everton, Blackburn and Middlesbrough.He currently plays for Qatari club Al Rayyan and is keen to return to England in January.AdChoices广告The speculation comes after Yakubu was seen at QPR’s game against Arsenal at the Emirates Stadium on Boxing Day.Adel Taarabt has turned down a move to Atalanta, according to the Daily Mail.The Moroccan, an outcast under Redknapp at Loftus Road, is said to be holding out for a move to AC Milan, who had Taarabt on loan last season but have not attempted to sign him on a permanent basis.Meanwhile, the Mirror say Aston Villa are weighing up a move for  Fulham midfielder Lasse Vigen Christensen.It is claimed that QPR have been closely watching the 20-year-old Dane, who is supposedly seen by Villa boss Paul Lambert as a potential replacement for Fabian Delph.Christensen, who is under contract at Craven Cottage until 2017, would apparently cost Villa around £5m.Birmingham City are keen to sign Chelsea teenager Islam Feruz on loan, again according to the Mirror.The Scotland Under-21 striker, 19, is currently on loan at OFI Crete but several Championship clubs are reported to be interested.Bolton, Charlton, Bournemouth and Cardiff are all said to be monitoring the situation.last_img read more