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Darling announces tax working group

The Government has announced plans to form a working group with businesses.

The working group will discuss ways in which the tax system can provide multinational companies with long-term certainty, considering the competitiveness and other challenges facing both businesses and Government. The group will be chaired by financial secretary Jane Kennedy.

Alistair Darling says: “We need to anticipate a growing problem for all Governments – how to protect revenues in an increasingly global market place for goods and services while promoting the competitiveness of our businesses so that they can take advantage of open markets.

“I am determined that we do what is necessary to remain one of the world’s best places to do business – and critically to ensure that we maintain our strong and resilient economy and our position as the world’s leading financial centre.”

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