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Britain's exit from Europe is a big problem! Sony's European Headquarters "Relocation"

Auth: Date:2019/1/23 Source:爱集微 Visit:2180 Related key words: SONY

A spokesman for Sony said Wednesday that the company would move its European headquarters from the UK to the Netherlands to avoid problems related to its exit from Europe, but that its operations in the UK would remain unchanged.

Takashi Iida, a spokesman for the company, told AFP that it would change the registration of its European headquarters to the Netherlands by the end of March.

He also said the purpose of the relocation was to avoid the cumbersome customs procedures after Britain's separation from Europe.

The Japanese electronics giant registered a new company in the Netherlands late last year and plans to incorporate its European headquarters in the UK into the new company.

Takashi Iida said the move would make Sony“A company headquartered in the European Union”Therefore, after the UK withdraws from the EU, the EU common customs procedures will apply to Sony's European business.

But he added that Sony would not move employees and businesses from existing British companies to the Netherlands.“The only change we need to make is to change the company's registration address.”。

Panasonic, its rival, moved its European headquarters from Britain to the Netherlands last year because of concerns about potential tax problems associated with the withdrawal.

Several other Japanese companies, including Mitsubishi Nippon Financial Group MUFG, Nomura Holdings, Daiwa Securities and Sumitomo Mitsui Financial Group, have said they plan to move their main base in the European Union out of London.

British Parliament vetoed British Prime Minister Teresa last week•Mei's withdrawal agreement put Britain on the way to withdraw from the EU on March 29, but no agreement was reached.

She promised to try to amend the agreement again, but the protestors said she would not succeed and that Parliament must now take control of the situation.

Japanese companies are demanding a soft exit agreement, including special measures during the transition period, to mitigate the impact of Britain's withdrawal from the EU.

The Federation of Economic Groups, Japan's leading business lobby group, wrote last year that they also wanted Britain and the European Union to leave Europe.“We will build as close an economic relationship as possible.”。

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