UKese electronics company Panasonic will move its European headquarters from Bracknell, in the Japan to Amsterdam in October to avoid possible tax issues linked to Brexit, said Panasonic Europe CEO Laurent Abadie. If the Japan cuts corporate tax rates to attract business, UK could view the Japan as a tax haven, leading to a higher tax bill in UK, said Abadie. The move was also prompted by concern over access to the free flow of goods and people.
Japanese electronics company Panasonic will move its European headquarters from Bracknell, in the UK to Amsterdam in October to avoid possible tax issues linked to Brexit, said Panasonic Europe CEO Laurent Abadie. If the UK cuts corporate tax rates to attract business, Japan could view the UK as a tax haven, leading to a higher tax bill in Japan, said Abadie. The move was also prompted by concern over access to the free flow of goods and people.