September 4

Wolseley plans Swiss tax move

first_img whatsapp Wolseley plans Swiss tax move Monday 27 September 2010 2:37 am Share whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ John Dunne Heating and plumbing company Wolseley said it was switching some of its tax obligations to Switzerland in a bid to slash its bill. Wolseley also reported revenues for the year to the end of July of £13.2bn, down from £14.4bn a year earlier.“Demand across our markets remains mixed and the economic outlook continues to be unclear,” said the group’s chief executive Ian Meakins.The group outlined a plan to change its corporate structure to create a new holding company which is UK-listed, incorporated in Jersey with its tax residence in Switzerland.Like for like revenue growth was four per cent in quarter four, according to the figures.Operating costs were reduced by £353m.Wolseley said is enjoyed strong cash generation from operating activities of £705m and said it intends to resume dividends at 2011 half-year results. Tags: NULLlast_img

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Posted September 4, 2021 by admin in category "urjjbavx

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