The UK's Inland Revenue this week released its negotiating priorities for the coming year with regard to double taxation agreements (DTAs).
Speaking on Monday, Paymaster General, Dawn Primarolo explained that:
'I am pleased to announce the programme of work on double taxation agreements for the year to 31 March 2004. It is important for the UK to be able to compete in today's global market and deal with the changing world economy.'
She added:
'We already have an impressive network of agreements and our work this year will serve to modernise and strengthen that network.'
Over the coming nine-and-a-half months, the Inland Revenue announced this week, it intends to complete work on new agreements with Australia, Chile, Croatia, France, and Solvenia, and to complete work on protocols to the existing treaties with Belgium, Italy, and New Zealand.
The UK tax authority also revealed that it plans to progress negotiations with Bahrain, Botswana, Georgia, Germany, Namibia, and Saudi Arabia, and that it hopes to negotiate new or updated agreements with Hong Kong, Iran, Luxembourg, Poland, Serbia, and Montenegro.
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