Surgical appliances manufacturer Steris says it will move its corporate base to Ireland as a result of Brexit. Chief executive Walt Rosebrough said re-domiciling to Ireland was its “best path forward”. The company said its decision came after it had assessed “many alternatives.”The Steris decision may be a sign that more companies are making concrete decisions on their future as Brexit nears. Steris had created an Irish entity in December 2016 but had said nothing since on the subject. Before the move to the UK, Steris was paying an effective tax rate of 31.3 per cent.

Source: The Irish Times November 12, 2018 18:15 UTC