Quote:
Originally Posted by Pierre
Ownership of companies is irrelevant as long as they pay the correct taxes and employ British people.
If you buy a British company and then offshore it, then obviously that causes issues.
That said many British companies, owned and built up by British owners have offshored themselves( Brexiteer Dyson is a perfect example), well the manufacturering if not the R&D.
Virgin Media and other telcos, electricity, gas, water companies, for example, does it really matter who owns them? As long as they invest in their companies?
Virgin Media has been a US owned company since it was formed, they employ thousands and are currently investing billions in infrastructure that will benefit the country.
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The counter argument is that it does matter as future dividends will flow out of the country and investment decisions taken by foreign owners can disadvantage the UK. As Pip has pointed out, Heineken relocated production of Newcastle Brown to Heineken's home country of the Netherlands!