At least 20% of Duchies 500 looking to move HQ
At least 20% of the Duchies 500 are looking to move their international HQ's to other countries before the 50% workers representative requirement kicks in at the end of the year. The companies are expected to look for nations with lower taxation structures on top of looser laws on how they structure the businesses as well as good access to capital markets. The companies are expected to mostly keep subsidiaries in Duchies subject to Duchies law to continue to access what currently is the 3rd largest market and growing the EU. The movement of companies was expected though it remains to be seen the reputation hit on companies that do move their headquarters rathe than comply.
The countries that are looking likely places for companies to restructure so far are Europolis, Inquista and the Duxburian Union known for their banking systems and pro-corporate policies. Many of the businessmen owning the businesses that are staying have expressed disappointment over some businesses resisting workers rights and for opposing workers having more say in the business and for allegedly using the new law change as an excuse to avoid taxes.