Taxing Times for Darling As Firms Flee Uk ; City Focus by Rupert Steiner

Daily Mail (July 22, 2008)

Author: Rupert Steiner

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Summary


THE government's protracted and painful reversal on hiking the taxes paid by British firms on the profits they make overseas helps no one.

The Treasury has sent a letter to Richard Lambert, director general of the Confederation of British Industry, in which it confirms it has axed a major part of its controversial foreign tax plans.

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Taxing Times for Darling As Firms Flee Uk ; City Focus by Rupert Steiner

While some of Britain's biggest companies might be spared a chunky dent to their profits, City experts are warning the dithering and u-turns from Chancellor Alistair Darling has...

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