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WPP to quit UK for Ireland for tax reasons September 29, 2008

Posted by Mark Blei in : Uncategorized , trackback

by Darren Davidson, Brand Republic 29-Sep-08, 09:05

LONDON – In another blow for Gordon Brown and his business taxation policies, Sir Martin Sorrell’s WPP Group is to leave the UK and shift its British headquarters to Ireland because of changes to the tax regime, which could cost the marketing group tens of millions of pounds.

WPP is expected to announce this week it is moving its tax domicile from the UK because of the threat of a markedly higher corporation tax bill.

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