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Issue:
4139
/
Categories:
Comment & Analysis
, Arctic Systems
, Jones v. Garnett
, Admin
, Companies
PAUL DAVIES looks back over 2007 and asks whether it has been good news or bad news from a tax perspective
Key points
- The Government has worked to promote the UK as a good place in which to do business.
- Changes to the taxation of foreign profits are welcome.
- The new penalty regime brings clarity.
- Other changes e.g. to domicile and capital gains tax foster uncertainty.
The UK's status as an attractive place to invest in and from has in recent years been boosted by a number of developments few of which have much to do with explicit tax policy.
The benign regulatory regime (leaving aside issues arising from the Northern Rock situation) the availability of skilled labour and other positive factors have all played their part.
But a tax regime that is seen as favourable to business and has been operated with reasonable consistency and certainty has done much to reinforce...
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