Published Date:
25 November 2008
ALISTAIR Darling moved to halt the exodus of UK firms seeking lower tax regimes abroad.
The Chancellor will launch a tax-exemption scheme for large and medium-sized businesses on the dividends paid on their foreign subsidiaries. Darling also launched a review of the "controlled foreign companies anti-avoidance rules" consistent, which he said would move towards a "territorial approach".
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Last Updated:
24 November 2008 8:52 PM
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Source:
The Scotsman
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Location:
Edinburgh
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Related Topics:
Economic indicators
