Quote:
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Big multinational businesses will "pay their fair share." To stop legal tax dodging, a new 25% tax on profits generated by multinationals - but from their activity in the UK - will be introduced if they would otherwise move the money out of the country to avoid UK tax.
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I guess the accountants will find a way around it - However, it was a massive loophole that needed to be closed...
EDIT: It was just announced a few minutes ago so no link - It will be interesting to see what the political commentators have to say about it.....