News1 min ago
Why Are Large Companies Moving Their Headquarters Abroad?
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why are so many companies moving their headquarters abroad because we have left the eu? what are the benefits of trading within the eu, or the euu?
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@tandh
They have had conditions *imposed* on them. In the 70s, Japanese imports were undermining our car industry, so the 'deal' struck with them was that they could sell them if they put up a factory and let us have jobs building them.
We made the setting up jobs a condition of sales into the common market. Now EU is stipulating no trade in the market zone without the freedom of movement of people and other conditions.
There is no such thing as "free trade". It's always made conditional on something else because the EU knows how desperate these companies are to sell to 500 million consumers.
They have had conditions *imposed* on them. In the 70s, Japanese imports were undermining our car industry, so the 'deal' struck with them was that they could sell them if they put up a factory and let us have jobs building them.
We made the setting up jobs a condition of sales into the common market. Now EU is stipulating no trade in the market zone without the freedom of movement of people and other conditions.
There is no such thing as "free trade". It's always made conditional on something else because the EU knows how desperate these companies are to sell to 500 million consumers.
Free movement of goods and services mean there is no import/export taxes to pay between members of the EU. Further, all members adhere to the same standards, rules of regulations of manufacturing - for example all goods made meet the same fire safety regs - so there is no red tape to deal with when selling to other member countries.
It is much easier and cheaper to trade with other member countries than countries that are outside the EU.
It is much easier and cheaper to trade with other member countries than countries that are outside the EU.
@hc4361
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It is much easier and cheaper to trade with other member countries than countries that are outside the EU.
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Especially when your CD division is in Jersey, for VAT purposes. Or your profits are registered in Eire, or Luxembourg, despite actual sales being, for the nain part, in every other country?
If the EU taxed big corporations properly, the British taxpayer wouldn't have to fill its coffers to the extent it does. If we paid millions instead of billions (per year) then I might have voted to stay in!!
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It is much easier and cheaper to trade with other member countries than countries that are outside the EU.
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Especially when your CD division is in Jersey, for VAT purposes. Or your profits are registered in Eire, or Luxembourg, despite actual sales being, for the nain part, in every other country?
If the EU taxed big corporations properly, the British taxpayer wouldn't have to fill its coffers to the extent it does. If we paid millions instead of billions (per year) then I might have voted to stay in!!
@ naomi "HSBC, several of the big American banks have indicated that they'll move their London offices as well. Further, it's almost certain that the Japanese car plants based in the UK will be closed down, and their operations moved elsewhere. (They only came to the UK to gain free access to European markets)" - that was a quote from chris in a different post, plus i've just read that richard branson has said he'll be doing it too.
So far these are only indications, and no company has actually moved or is definitely going to that I'm aware of. Several are looking seriously into the possibility, and it would be interesting to see how many more will do the same.
Like pretty much everything else to do with this result, we have to wait another two months or so, and then two years after that, before we actually find out what "Leave" will actually mean. It will be a long wait, to say the least...
Like pretty much everything else to do with this result, we have to wait another two months or so, and then two years after that, before we actually find out what "Leave" will actually mean. It will be a long wait, to say the least...
@tandh
When you say "should stay true to their roots", what exactly does that mean?
HSBC standa for Hong Kong and Shanghai Banking Company. They bought more than one complete chain of British banking companies and are not beholden to us at all. Maybe try another example?
In fact most major employers are not beholden to anyone - except, perhaps, to their shareholders and directors - and are fond of saying things like "we are not a charity", "nobody owes you a living" and so forth. Out of all "Ooman rights", one thing not on the list is the right to worthwhile employment. (By worthwhile, I mean paid well enough to raise a family with a reasonal level of comfort and, by comfort, I mean not having to much to envy about other people's lifestyles). Some people prefer the phrase "gainful employment" but I don't know what they mean by gainful because that may just mean 'paid', which merely distinguishes it from inpaid, i.e. slavery.
When you say "should stay true to their roots", what exactly does that mean?
HSBC standa for Hong Kong and Shanghai Banking Company. They bought more than one complete chain of British banking companies and are not beholden to us at all. Maybe try another example?
In fact most major employers are not beholden to anyone - except, perhaps, to their shareholders and directors - and are fond of saying things like "we are not a charity", "nobody owes you a living" and so forth. Out of all "Ooman rights", one thing not on the list is the right to worthwhile employment. (By worthwhile, I mean paid well enough to raise a family with a reasonal level of comfort and, by comfort, I mean not having to much to envy about other people's lifestyles). Some people prefer the phrase "gainful employment" but I don't know what they mean by gainful because that may just mean 'paid', which merely distinguishes it from inpaid, i.e. slavery.
Well Vodafone are considering it too.
But whether these companies are home grown or foreign investors, most won't have monopolies, so the public can vote 'with their feet' and switch to a rival company, which greater loyalty to the UK, if they wish.
Meanwhile anyone who does go should choose their new location carefully. Don't want to spend a fortune shifting only to find the country they move to has yhe courage to tell the EU they're off too.
But whether these companies are home grown or foreign investors, most won't have monopolies, so the public can vote 'with their feet' and switch to a rival company, which greater loyalty to the UK, if they wish.
Meanwhile anyone who does go should choose their new location carefully. Don't want to spend a fortune shifting only to find the country they move to has yhe courage to tell the EU they're off too.
because we are leaving a single market
and it is much easier to trade inside a free-market area than be outside.looking in
there is therefore a disadvantage to Brexit which was dwelt upon by one aide ( Project Fear ) and denied by the other ( paradise today )
and hey read this column and there are still deniers doing their best to deny reality ....
and it is much easier to trade inside a free-market area than be outside.looking in
there is therefore a disadvantage to Brexit which was dwelt upon by one aide ( Project Fear ) and denied by the other ( paradise today )
and hey read this column and there are still deniers doing their best to deny reality ....
@ Hypognosis lol! so that's why hsbc's adverts are based around people living in hong kong, sorry i think i've got a little confused with where their headquarters are, and where they were founded.
"stay true to your roots" - remember how you started, and have a little loyalty to that. I have looked into the companies that are contemplating leaving us, and it seems that most of them are from america. So yes, technically they don't have any obligation to us, but do you think they would be as successful as they are now if they didn't come here in the first place? why do so many american companies have their HQ's here? they've just used us to get in with the eu, and now we're out they don't give a dam. It's nice to make millions or billions of pounds, but at the same time how can you sleep at night knowing that your making tens of thousands of people that helped make your company a success redundant? I know words don't mean much, but if i was worth a billion, i would have no problem losing a few million if it means i'm not f$£king over my staff
@ danny k, good, lets all go out and buy jags and Rolls royce's to show our support lol
"stay true to your roots" - remember how you started, and have a little loyalty to that. I have looked into the companies that are contemplating leaving us, and it seems that most of them are from america. So yes, technically they don't have any obligation to us, but do you think they would be as successful as they are now if they didn't come here in the first place? why do so many american companies have their HQ's here? they've just used us to get in with the eu, and now we're out they don't give a dam. It's nice to make millions or billions of pounds, but at the same time how can you sleep at night knowing that your making tens of thousands of people that helped make your company a success redundant? I know words don't mean much, but if i was worth a billion, i would have no problem losing a few million if it means i'm not f$£king over my staff
@ danny k, good, lets all go out and buy jags and Rolls royce's to show our support lol
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