The CBI’s Director-General, Richard Lambert, has this week issued a statement in response to a letter from the Treasury setting out the Government’s position on reforms to taxation of foreign dividends.
Mr Lambert stated:
"The Treasury’s willingness to rethink this issue is welcome and the CBI looks forward to further consultation on taxation of foreign profits. This is a particularly important issue for internationally mobile businesses, many of which have increasing flexibility on where to locate.
“Much work is still needed but this needs to be pushed forward with the minimum of delay. Business still hopes that the proposals can be included in the 2009 Finance Bill.”
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