Kerr - re Labour tax.

The truth is each company will take an individual opinion. There is no rule covering all. Its a balance of the tax increase over cost of relocation and shipping back into your domestic market. If you manufacture its a much bigger consideration. Obviously some companies are more fluid than others.

The far bigger consideration (and we've had this conversation before) is location (to your market, your historical roots and trained workforce).

We've seen it with non EU multi-nationals locating into the EU. If tax was the major driver they'd all be in Ireland.