Dyson moves HQ to Singapore - who have just signed a free trade deal with the EU

[CloudPop]

So having aggressively backed Brexit, he sets himself up to be able to continue free trade with the EU which he can't do from the UK.

Which as a business move is good.
He is simply following BoJo's advice of 'F$ck (UK) business'.
The fact he was also backing Brexit adds a different dimension to it of course.

Back in the day, Dyson strongly campaigned for the UK to ditch the £ and adopt the euro, Remain campaign never seemed to cotton on to this.
Business will do what is best for their shareholders and no one else.

When are people going to wake up to the fact that brexit isn't about making their lives better but is a vehicle for the elites to become richer and for political ambition?

He's a twat.

I wonder if the first 'bar room brawls' overr Brexit might occur in a pub chain?

Only 1 'r' of course!

Just when you think Brexit can’t get any dafter, it does.
In 5 years time Farage and Boris will probably be living on the continent whilst still arguing Brexit was a cracking idea.

Hardly surprising.

This hypocrisy is utterly astonishing!

And This millionaires wilfull blindness to the circumstances of a huge swath of his customer base is also mind blowing.

Nothing to do with the £2billion electric car production factory they are already building in Singapore then ?

{Nothing to do with the £2billion electric car production factory they are already building in Singapore then ?}
All the tax goes to the Singapore government. None to help 'struggling' UK.

Dyson's UK establishments will still pay their corporation tax on profits earned here to the UK authorities. Where their HQ is based is irrelevent.

{Brexit-backing businessman Sir James Dyson is to relocate the head office of the design and technology firm he founded from the UK to Singapore.

Moving Dyson's head office from the UK means the firm will no longer be a British-registered company and Singapore will become its main tax base.}

SKY News.

Paying tax is even better when British workers with jobs in British companies based in Britain also pay tax.

The remaining Dyson facilities here are in RnD and training, all good but not profit earning setups.

I suggest you read HMRC's rules on "permanent establishment". Dyson will still be liable for UK corporation tax on all profits earned by their UK facilities.

Of course whatever presence Dyson has in the UK will be taxed although I would expect his accountants will be working as hard as possible to ensure Dyson as a brand will pay the least tax possible. See also Amazon and Google.
Rather than nitpicking you could acknowledge that Dyson does not now represent a major employer in the UK.
With the departure of car manufacturing and financial services the UK will need to 'create' a million or two 'decent paying jobs. Any suggestions what they might be or is everybody hoping 'something will turn up'?

Rules of origin also have an effect. To remain in Europe and use EU trade tariffs, a certain percentage must be manufactured there.

It's the hypocrisy. Shouting about how great Brexit will be for the country, then making a move ensure he has access to the EU single market while loudly proclaiming everyone else will be better off without it

Rather than nitpicking you could acknowledge that Dyson does not now represent a major employer in the UK.

There are the best part of 4000 engineers remaining in Malmesbury.

"Rather than nitpicking you could acknowledge that Dyson does not now represent a major employer in the UK."

I don't understand this point at all. The movement of their HQ to Singapore results in the transfer of 2 jobs. Everyone else who was employed by Dyson in the UK will remain employed by Dyson in the UK. Not a single job, other than the CEO and Sales Director, is affected.

Oh good, it will all be fine then.

Millionaire business is duplicitous lying bastard shocker.

Dyson is an interesting case.

Leavers use him as an appeal to authority when backing Brexit.

But, much to their chagrin, he also backed joining the Euro, which of course rules his opinion on anything out, as it does the CBI et al when its convenient to them.

www.theguardian.com/business/2000/nov/05/theobserver.observerbusiness4

The remaining Dyson facilities here are in RnD and training,

And to add insult to injury, there are tax breaks in the UK for R&D. So he can probably write off what little UK tax the business would still owe. Duplicitous bastard.

The Dyson I bought 5 years ago will be the last one. It is shit compared to its predecessor, but I can’t afford to just ditch it on a political whim!

From the Guardian comments:
{For the EU to prosper, Britain must leave
Eoin Drea}
Almost as if they are trolling me, which is a bit spooky.