WPP is considering moving their operations from London to Ireland — all in the name of tax breaks.
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Joining other companies like Compaq, Dell, IBM, Oracle, Intel, Microsoft and a large number of banking and commercial organizations — all who have their European headquarters in Dublin or around Ireland — Martin Sorrell (the “poisoned dwarf” to the readers of GP) is looking to slash tax costs.
WPP currently pays more than $400 million USD (£200m) a year to the government in tax. Apparently, businesses registered in Ireland only pay 12.5 per cent corporation tax, compared to 28 per cent in the UK.