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15 May 2008
AstraZeneca has informed the government it is not relocating outside the UK, after press reports claimed it would not rule a move out.
The news emerged as speculation continued on which companies might move headquarters abroad because of the government’s approach to corporate tax. Shire has announced it will become tax resident in Ireland, as has United Business Media.
The main point of conflict is the government’s policy on taxing dividends on foreign profits and its clampdown on ‘passive income’ which companies believe will mean huge volumes of extra tax on income earned on intellectual property. Other companies threatening to go abroad include WPP.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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