Trade welcomes Chancellor's tax and rates measures

Trade welcomes Chancellor's tax and rates measures

Booksellers have welcomed the news that business rates will be reviewed and a 25% tax will be imposed on multinationals' profits from UK economic activity.

In the Autumn Statement yesterday (3rd December) the Chancellor George Osborne revealed that multinational companies like Amazon, Google, Apple and Starbucks, which “artificially shift” profits out of the country, would be taxed 25% of their profits from economic activity in the UK from April 1st 2015.

Called the Diverted Profits Tax, the Treasury will require multinational companies to provide details of revenue, profit before income ...

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