• Panasonic to move its European HQ out of the UK because Brexit

    2 monthes ago - By Tech Crunch

    Chalk up yet another Brexit deficit: Japanese electronics firm Panasonic will be moving its European headquarters from the UK to Amsterdam in October because it's worried about the tax implications if it stays, the Nikkei Asian Review reports.
    The company is concerned it could face tax liabilities if the UK shifts its corporate tax regime as a result of Brexit.
    Laurent Abadie, CEO of Panasonic Europe, told the publication Japan could treat the U.K. as a tax haven if the country lowers its corporate rate - as the government has indeed suggested it will to try to make itself a more...
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  • $71 billion Japanese giant Panasonic is pulling its European headquarters out of the UK - and Brexit is to blame

    $71 billion Japanese giant Panasonic is pulling its European headquarters out of the UK - and Brexit is to blame

    2 monthes ago - By Business Insider

    Japanese electronics giant Panasonic to move European headquarters out of the UK as a result of Brexit.
    New HQ will be based in the Dutch capital, Amsterdam.
    The move is being undertaken "to avoid potential tax issues" linked to Brexit, according to Japanese media organisation Nikkei.
    Panasonic's announcement follows a warning from the Japanese business lobby that companies are "seriously concerned" about continuing Brexit uncertainty.
    Panasonic, the £55 billion Japanese electronics giant, has announced plans to move its European headquarters out of the UK as Brexit uncertainty continues...
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