Dyson, Which Chose Singapore, Returns to Home Country After 2 Years
[Asia Economy Reporter Cho Hyun-ui] James Dyson, founder and CEO of the British home appliance company Dyson, recently moved his residence back from Singapore to the United Kingdom.
On the 22nd (local time), the BBC reported, "Dyson's residence and family office (a private firm established to manage family assets) have relocated to the UK."
Dyson moved its headquarters to Singapore in 2019 ahead of Brexit. Due to the unstable political situation, including the rejection of the Brexit agreement, he left his home country after 26 years since founding the company.
The BBC explained, "At that time, Dyson faced much criticism," and "Recently, he was embroiled in controversy again over a 'tax lobbying' issue with UK Prime Minister Boris Johnson."
According to text messages released the day before between Prime Minister Johnson and Dyson, Johnson requested Dyson to produce emergency medical ventilators in March last year and promised tax benefits. The opposition parties criticized this as "illegal behavior."
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A Dyson representative stated, "Singapore will remain Dyson's global headquarters, but the company's leader will be based in the UK."
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