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George Osborne will strip £4 billion from developing countries in his coming budget
March 6th, 2012
Action Aid is right to highlight the problem with the UK’s reform of the so called ‘controlled foreign company rules’. I explained this issue for the TUC in June last year on pages 20 – 25 here. The abuse these changes in the rules will allow is real. The cost will be as big as Action Aid estimates. And that, in itself, simply adds to the tax abuse to the poorest countries of the world by the richest corporations in the world.
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