Treasury in new 'u-turn'
If Alistair Darling is to signal a u-turn on the foreign profits rules, he’s going to have to do better than this:
Clearly, we want to look at how these reforms might affect individual sectors,
including those dealing with intellectual property. We are committed to a
revenue-neutral package that enhances competitiveness while protecting UK tax
That’s a ‘Treasury source’ quoted by The Times.