Treasury to delay tax changes on foreign profits until 2010
The Times recently reported that the Treasury is to delay legislation on proposed changes to the taxation of companies’ foreign profits until 2010.
The discussion document published in June 2007 referred to implementation of the measures in 2009.
The complaints from, and emigration of some multinational companies over recent UK business taxation measures, appear to have convinced the Treasury that further discussions are needed before further progress can be made.
Date: 7th July, 2008
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