PracticeConsultingNew Dutch mixer protest.

New Dutch mixer protest.

Business leaders are negotiating with Tony Blair to create a third way over Treasury proposals to shut down 'Dutch mixer' tax structures that could cost multinationals billions. Top level negotiations between director general of the Confederation of British Industry, Digby Jones, Downing Street and the Treasury will explore alternatives to the unpopular budget proposals.

Chris Gent, chief executive of Vodafone Airtouch, has threatened to move the UK’s largest company abroad if the Treasury goes ahead with plans to stop multinationals reducing taxes by using offshore havens to route overseas profits.

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