In early April, James Dyson resettled in the United Kingdom after moving to Singapore in 2019, where his group still retains its head office. The billionaire is not the only one to specifically request a service from Boris Johnson regarding the tax status of some of his employees.
Inventor and billionaire James Dyson, known for his home appliances and pro-Brexit stance, has once again resided in Britain, now resident in Singapore, where his group has established its headquarters.
A document from the Weybourne Company, which manages the fate of James Dyson’s family, published on the British Trade Register on Tuesday, shows the merchant as a British resident from 6 April.
Asked by AFP, the Dyson Group, which had 14,000 employees in 2020, said it had not commented on the family affairs of its founder. “Nothing changes in the structure of a group” whose headquarters and management team are still in Singapore, a spokesman said.
In addition, “the United Kingdom continues to represent around a third of Dyson’s global workforce, most of which are engineers and scientists, and an innovation center that benefits from significant investment in research and development,” he says Huh.
A deal with Boris Johnson?
The change is also unveiled at James Dyson’s residence when the 73-year-old, singled out on Wednesday for Prime Minister Boris Johnson to receive his privileges.
The BBC revealed an SMS exchange, in which James Dyson asked the British leader to “settle” the tax status of his employee, who was to arrive in Britain to respawn as requested by the government. Boris Johnson reportedly replied in March 2020 “I’ll sort it out tomorrow! We need you”.
The Dyson Group told the BBC that it had not made any “profit” from this ventilator project and was only trying to respect the rules.
Brexit, synonymous with “independence” for the United Kingdom
James Dyson, who was one of the few British businessmen to favor Brexit, became the UK’s top fortune in 2020 with assets of £ 16.2 billion, according to the ranking Sunday Times. He speculated last week in an interview with the BBC that the exit of the European Union gave the United Kingdom back its “independence”
His support for leaving the European Union did not stop him from announcing Singapore’s move to Britain’s headquarters in 2019, ensuring that his group relied too heavily on Asia for its supply chain.
The group recently promised to invest £ 2.75 billion over five years in new technologies such as software, robotics and artificial intelligence. It provides for the creation of 200 jobs in research centers in the United Kingdom. For the group, which is not listed on the stock exchange, the investment is a way to resume after the bitter failure in October 2019 of its ambitious project to manufacture electric cars.