Despite being divided by a common language there are shared cultural roots, which make the Anglo-American relationship important both economically and politically, and thus the UK the obvious choice (despite the emerging issues of Brexit) for US companies to establish their first European subsidiary.
The Magna Carta sealed in 1215 is more than just a peace treaty between the quarrelsome and unpopular King John of England and a group of rebel barons, it is the first embodiment of civil rights and a major influence in the development of the American Constitution.
The Magna Carta was sealed in Runnymede a stone’s throw from Isosceles’ Head Office in Egham.
‘Britain Open for Business’
For good reason, the UK is, and has been for quite a few years now, the number one destination in Europe for foreign direct investment projects but what makes the UK such an attractive proposition?
- A strengthening economy with low inflation and growing GDP.
- The UK government is taking active and positive steps to position the UK as an international hub for tech companies who are looking to thrive, innovate and grow.
- The UK’s Corporation Tax of only 20%, one of the lowest in the G20. Compared to the US’ 40% the UK is a Corporate Tax Haven.
- The availability of the R&D Tax Credit which enables companies (depending on their size and circumstances) that incur costs in developing new products, processes or services to receive a cash payment or tax deduction.
- The availability of Patent Box which allows companies to apply a lower rate of Corporation Tax of 10% on profits earned after 1 April 2013 from patented inventions and certain innovations.
- The ready availability of a world class highly skilled workforce. The UK has four of the world’s top 10 universities.
- Excellent quality of life for US business executives and their families. The UK provides a range of housing options, a public and private health service, a public and private education system as well as a diverse and rich range of sporting and cultural activities.