Treasury makes new push to keep companies onshore

The Treasury has made a fresh approach to UK plcs in efforts to stop them
leaving the UK.

Alistair Darling watered down controlled foreign companies plans earlier this
week, but the Treasury still made a push for greater dialogue.

The appeal was made by a senior Treasury official following a straw poll of
70 businesses suggesting that some are still not satisfied with the government’s
stance, the

About 9% said they were more inclined to emigrate from the UK after the
Treasury set out its current position on taxing foreign profits.

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