Pressure grows on foreign tax policy

Alistair Darling has come under renewed pressure over corporate tax as the insurance industry warned that the UK risked “being unable to compete in a globalised world” if it did not reform its multinational tax regime. The Association of British Insurers called on the Treasury to persevere with its attempts to overhaul its foreign profits regime “in a way that encourages global industries to remain or invest in... [read full story]