British fintech founder who moved to U.S.: U.K. tech's problem isn't taxes—it's ambition [Fortune]
British American Tobacco Industries, p.l.c. ADR (BTI)
NASDAQ:AMEX Investor Relations:
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Source: Fortune
Yet that's exactly what happened in Britain this week, as tech founders cheered Labour's “modest” increase in capital gains tax—simply because they'd feared worse. It's like watching passengers applaud because their delayed flight finally took off: The relief is real, but it misses the bigger problem. I've watched this drama unfold from a unique vantage point. My company, Cleo, was born in London in 2016 but now operates entirely in the United States. Moving to America went beyond market size—it was a stark recognition that Britain stifles ambitious tech companies. The surface-level explanations are familiar. Brexit yanked Britain from the world's largest trading bloc. A decade of austerity squeezed public investment. Political chaos — five prime ministers in five years — spooked investors. But these are symptoms of a deeper disease: Britain has built an economy that rewards playing it safe over taking bold risks. Look at the London Stock Exchange's biggest companies. They're do
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BTI
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- 11/21/24 - Form 6-K
- 11/20/24 - Form 6-K
- 11/19/24 - Form 6-K
- BTI's page on the SEC website