I know a little bit about Dyson because I dealt with them for several years. I have little doubt that article in the Spectator is driven from good Dyson spin, as it sounds so much better than, “We want to increase our margins”
I’ll give you an example of an actual experience from working with them. June 2016 I went to Malaysia for a supplier event and I sat and listened to Jim Rowan, who from memory was Dyson COO then and he told the room that they were upping sticks from Malaysia to take manufacturing and assembly to the Philippines. He actually told us it was due to the tax free period in malaysia coming to an end and that meant a cost 8% to Dyson. They weren’t staying to pay it.
Back in 2002 they told us they were moving to Malaysia to “make it easier to enter target new markets like the US.” Why that was easier from Singapore, I don’t know. Money probably the answer.
In this latest announcement, I think only two Senior Officers are moving to Singapore, so clearly that suggests it is a Google-esque move if the HQ, so less tax being paid here.
Money, bugger all to do with EU stoppIng progress.
