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Chit Chat
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22 Jan 19
23:33
Joined:
Date Joined:
10 Jan 07
"Brexit would be by far the best thing for the UK"
And..er...btw we're off to Singapore
WAC
And..er...btw we're off to Singapore
WAC
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Replies: 95
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Link please salmon
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All over the news STATS.
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No worries, found it
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https://www.bbc.co.uk/news/business-46962093
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Thanks shearer.
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- Welcome |
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From the BBC report
Dyson has announced that it is moving its headquarters to Singapore, from Malmesbury in Wiltshire. The move by the appliance maker means two executives will relocate - chief financial officer Jorn Jensen and chief legal officer Martin Bowen. Other work at Malmesbury will not be affected and no jobs will be lost. Chief executive Jim Rowan said it was not to do with Brexit or tax but added: "It's to make us future-proof for where we see the biggest opportunities." He added: "We have seen an acceleration of opportunities to grow the company from a revenue perspective in Asia. We have always had a revenue stream there and will be putting up our best efforts as well as keeping an eye on investments. "We would describe ourselves as a global technology company and in fact we have been a global company for some time. Most successful companies these days are global." |
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Top bloke Sir James, keeping Britain great
 https://www.reuters.com/article/us-britain-dyson-singapore/brexit-backer-dyson-moves-vacuum-giants-hq-to-singapore-idUSKCN1PG205 . ... Chief Executive Jim Rowan said the manufacturer of air purifiers, hairdryers and cleaner, lauded by politicians as a British success story, was a “global technology company”, with 96 percent of its sales outside Britain. “Our growth rate in Asia has doubled most other places in the world over recent years,” he said, adding that more than half of its profit came from the region and the move was aimed at “future proofing” Dyson. Rowan said the company, which broke through the 1 billion pound ($1.3 billion) barrier for annual profit in 2018, was moving to be near its manufacturing centers and the markets where it was seeing the biggest demand. “It allows us to make sure we will be putting our best efforts to secure those opportunities, as well as keeping an eye on those investments, especially EV (electric vehicles) and batteries,” he told reporters on Tuesday. There would be a “negligible difference” to its tax payments as a result, said Rowan, who is already based in Singapore, where the corporate tax rate is 17 percent. It is 19 percent in Britain, but is set to fall to 18 percent in 2020. He said he would be joined there by other senior executives including the company’s chief financial officer, once the paperwork to re-register was complete. Rowan said the Chinese market had grown in four years from a start-up to a market of a similar size to the United States. James Dyson came out in favor of Brexit days before the 2016 vote, when he said Britain could be about 18.5 billion pounds better off each year if it left the European Union. But with only weeks before Brexit, other manufacturers are warning of huge damage if no divorce deal is struck. Rowan did not foresee see any issues relating to the movement of goods for Dyson. “If your supply chain is in Asia, and you are manufacturing in the Philippines, Singapore and Malaysia, then obviously you don’t get badly affected with those changes post-Brexit,” he said. Dyson, which has 5,853 engineers and scientists working on its new electric car and other products, said it was still expanding its research and engineering operation in Britain. It reported earnings before interest, tax, depreciation and amortization (EBITDA) of 1.1 billion pounds ($1.42 billion) in 2018 on turnover up 28 percent to 4.4 billion pounds. Dyson also said on Tuesday it had hired executive Roland Krueger from Infiniti Motor Company and Nissan Motor Co (7201.T) to oversee its automotive project. “We expect to be able to go in and disrupt yet another industry using bespoke Dyson technology and innovation,” Rowan said. In October, it said it would build its electric car in Singapore because it said it was close to suppliers and Asian markets for the vehicle, which is due to launch in 2021. |
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He doesn't want to be based in the UK because Singapore has a trade agreement with the EU.
I repeat. WAC. And I bought one of his vacuum cleaners about 9 months ago and it's useless. Double WAC. |
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pr maybe they're moving to Singapore because they believe Brexit isn't happening and the UK remains shackled to the titanic
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^
utter fantasy |
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Bye bye then is my see you to him
Don't bother bringing your rubbish hoovers here would be my other message to him Ban Dyson products coming into the country |
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Good point platini , we haven’t left yet
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he already does his manufacturing outside Britain , this is pre Brexit
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The Eurozone
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Post Brexit set a hefty tariff on all dyson products coming into the U.K.
Will help and encourage local manufacturers who employ British workers |
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And I bought one of his vacuum cleaners about 9 months ago and it's useless.
I don't believe that. You can't afford a Dyson. |
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His hoovers are doss
Might as well use a hair dryer |
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Go to Singapore, Sir Dyson
You ain't wanted here son, take your paper magnets with you |
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^^
Dyson, which has 5,853 engineers and scientists working on its new electric car and other products, said it was still expanding its research and engineering operation in Britain. |
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Lefties cutting off their noses to spite their face.
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The trouble is, lefties usually take everyone else down with them.
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And he can take his advert with him as well
What kind of "leader" wants to be front center on a stupid ITV advert ? |
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He wants the HQ moved
Which means he wont be paying taxes here? Good bye and don't bring your c*** here is my advice |
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So our politicians who want us to be ruled by the eu are to be hung then?
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So far this week:
Sony moving moving to the Netherlands P&O reflagging as Cypriot Dyson moving to Singapore It's still Wedmesday. I’ve more respect for Brexiteers who voted because they wanted to limit immigration rather than the utter spastics who think Brexit will be good for our economy. It will be a total disaster as shown by Dyson. |
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Ruled by the EU!?
What utter tosh. Tell me how we’re ruled by the EU. If you’re interested as to why that statement is complete bollocks I suggest you look at Britain’s voting record in EU matters. |
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I could pay for several hundred Dyson hoovers Crippen. Whether I can afford to buy another piece of junk off him is another matter as I have high blood pressure.
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James Dyson, June 2016: “We will create more wealth and more jobs by being outside the EU.”
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It’s almost as if these chancers don’t have a clue what they’re talking about.
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The country was a mess before the vote, so its not going to be any worse when they up sticks and high tail it out of here
Maybe they can take those CCTVs and other big brother gadgets they had installed all over the country with them? |
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Dyson is a company that pays millions of pounds in taxes to our government that in turn uses that money to pay for essential services.
Do you not understand that? What do you think would happen if dozens of companies the size of Dyson, that employs thousands of people here in the UK, decided to base themselves in Singapore? |
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We pay taxes? and they may pay taxes but they don't spend it on our essential services
look at the state of our roads and the NHS ffsHow about we threaten to leave the country? And we'd survive, its a horrible lifestyle working for those companies anyway, people bomb up and down the country daily, getting into accidents etc so they can make people like Dyson even richer. Let them go, and they can take the government with them as well. |
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Dyson is still investing at his R/D center here in the UK so don't worry about those 2 job losses. As usual this story is all headline and no substance
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Macarony - you’ve utterly missed the point, which is that the UK exchequer will no longer receive tens of millions of pounds of Dyson corporation tax payments every year.
Try and engage tour brain before posting. Cheers. |
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*Your
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He is moving and relocating these jobs and tax arrangenents now , it’s been an ongoing process for years
Stop Brexit and he will continue to do so Don’t let the remainers yet to say it’s anything to do with Brexit , it isn’t |