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The Taxation of Foreign Profits

 
Bill Dodwell Tax Partner Deloitte wonders whether the UK will become a holding location for overseas multinationals
 
It's probably fair to say that the Treasury's discussion document on the Taxation of the foreign profits of companies issued on 21 June was one of the most eagerly awaited documents for some time. The 48-page document covers a lot of ground and is issued as a first step in a discussion process with business. The Treasury and HMRC will be holding discussion events and seeking input over the next 12 weeks (with final comments due by 14 September 2007).
 
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