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UK and France sign new double taxation convention

Chancellor Alistair Darling and the French Minister for the economy, industry and employment Christine Lagarde signed a new double taxation convention yesterday between the UK and France.

The convention will enter into force once both countries have completed their Parliamentary procedures and it will replace the existing convention, which dates from 1968.

The convention with France that was signed in January 2004 will not now be presented to Parliament and will therefore not enter into force.

Darling said: “This new convention represents continued progress in our efforts to modernise our network of double taxation conventions and marks a valuable step forward with one of the UK’s most important trading and investment partners.”


Paying the premium

Last week research from Money Marketing found that over half of all funds with annual management charges of 1.75 per cent or more have underperformed in the past three years.

China’s big leap

China is taking the Olympics extremely seriously. The world’s second-biggest economy, with a GDP of over $7trn, measured on a purchasing power parity basis, looks determined to project its prestige and power on the world stage.


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