key part of his Virgin empire to move to Switzerland

[chris watton]

"Sir Richard Branson is to move a key part of his Virgin empire to Switzerland, leading to renewed concerns over the business environment in Britain, The Daily Telegraph can disclose."

http://www.telegraph.co.uk/news/politics/8664446/V...

"The company that owns the rights to the Virgin brand around the world is planning to relocate from London to Geneva in the coming weeks in a move that will reduce its tax bill."

I thought cameron and Osbourne stated that they were going to make the UK more attractive for businesses - are they still pandering to the left too much, or have they no choice?

ETA - Sorry - should have read "key part of Branson's Virgin empire to move to Switzerland...

[DJRC]

Indeed, the usual MO is to base in Canton Zug.

[ringram]

What sort of costs does such an arrangement usually involve.
It doesnt sound too taxing effort wise.
Surely any UK brand could (should) do the same?

[ringram]

Competition is good

[Fittster]

LONDON (Reuters) - Insurer Lancashire said on Wednesday it would move its tax base from Bermuda to Britain as it reported forecast-beating quarterly profit thanks to limited exposure to recent natural disasters.