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Home : News and Media : United Business Media plans to join Ireland tax exodus
United Business Media plans to join Ireland tax exodusUnited Business Media (UBM), which publishes Property Week and the Farmers Guardian, looks set to become the latest British company to move offshore to escape Britain's increasingly heavy tax burden.
The business-to-business publishing and events group is believed to be planning to move to Ireland, where it hopes to benefit from a lower rate of corporation tax and a simpler tax system. Around 85pc of UBM's profits come from outside the UK and it is likely to benefit substantially from the less complicated tax conciliation regime in Ireland. UBM is currently locked in an £80m tax dispute with HM Revenue & Customs with regards to the sale of its regional newspapers business in 1998. # More from the media, technology and telecoms industries Shire, Britain's third-largest pharmaceuticals company, said earlier this month that it was moving its headquarters to Ireland. CBI director-general Richard Lambert said then he was "worried that an uncompetitive corporate tax system is spoiling the UK's attractiveness as a place to do business". http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid 354 times read
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