LONDON - WPP is considering moving its operations to Ireland to reduce its tax bill, according to a newspaper report.The Daily Telegraph today said that WPP chief executive Sir Martin Sorrell has expressed an interest in moving his company abroad.
WPP currently pays more than £200m a year to the government in tax.
The article says that businesses registered in Ireland only pay 12.5 per cent corporation tax, compared to 28 per cent in the UK.
A number of companies are considering moving abroad ahead of predicted changes to the tax system next year, which could raise tax on overseas profits.
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