TaxCorporate TaxTreasury makes new push to keep companies onshore

Treasury makes new push to keep companies onshore

Policymakers make new overtures to British multinationals as part of continuing efforts to guard against more companies changing their tax bases

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
FT
reported
.

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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