Henderson Group has now moved its tax-residency to the Republic of Ireland, cutting its effective cor...
Henderson Group has now moved its tax-residency to the Republic of Ireland, cutting its effective corporate tax rate to around 20% per annum from 2009. The group confirmed the plan has received shareholder approval in its interim results published last week. This further update came after the group warned it is unlikely to hit a £90m profit target for 2008 earlier in the year. Commenting on interims, new CEO Andrew Formica said fund flows in a volatile third quarter have remained resilient but worsening conditions have resulted in growing redemptions on higher-margin business. “We ar...
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