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WPP Group expects to move its tax headquarters back to the U.K., from Ireland, chief executive Martin Sorrell told the BBC radio today (March 24). The move is in response to the U.K.’s proposed cuts in corporate taxes and change in the taxation rate of profits earned oversees by companies like WPP, which rings up 90 percent of its revenue outside the country.
For tax purposes, WPP moved its headquarters to the Republic of Ireland in 2008, although its holding company staff remains in London.
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