BBC: Taxing the immobile
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Started by: zoobabzoobab
Date: 22 Jul 2008 08:33
Number of posts: 1
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Summary:
The Treasury has ditched controversial proposals to raise additional tax from companies that locate intellectual property, such as drug or technology patents, in low-tax countries. But it has simultaneously postponed plans to abolish the tax that companies pay on dividends they receive from their respective overseas operations. [...] A number of multinationals had warned that their tax bills would rise to unacceptable levels if the Treasury were to tax earnings generated abroad from patents and other forms of intellectual property. Some threatened to move their headquarters overseas to escape the incremental tax.
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