Catching Up With Online Business

A recent research conducted by Cushman and Wakefield stated that the change in the tax policy in the UK would not lead to companies making up their minds about moving out of the UK to other international destinations like Dublin and Geneva.

The research found that only 10% of the businesses would consider the new tax policy as an important factor before choosing their location to conduct business. The accessibility of the country from other parts of the world and the excellent infrastructure make desk space London an ideal place to conduct business and these factors weigh much more on the minds of decision makers.

An associate at the European office of the Cushman Group stated that the taxation policy was a small factor in businesses moving out of London. The fact that the city offers great infrastructure and work culture make it the ideal place to set up a business.

There has been some concerns recently over UK’s hedge funds moving abroad due to the changes in UK’s tax rules as other counties offer better tax policies. However, the research has put these fears to rest. It doesn’t look likely that London would stop being the business location of choice for most financial companies any time soon despite the “Super Tax” that the government has introduced.