HSBC might relocate HQ to Ireland

HSBC, Britain’s largest bank, is believed to be considering moving its global headquarters to Ireland for tax reasons.

2nd December, 2006

HSBC, Britain’s largest bank, is believed to be considering moving its global headquarters to Ireland for tax reasons.

Speculation has be en mounting in London that HSBC is considering moving to Ireland after the Confederation of British Industry (CBI) suggested in a pre-budget submission to British Chancellor Gordon Brown last week that a major British retail bank was considering moving its global headquarters outside Britain for tax reasons.

Last October, Chris Spooner, HSBC’s...

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