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Tax policy issues

Alex Henderson Tax Partner PwC

Given the Eurozone crisis the Autumn Statement was always going to be something of a side-show but when we look back – albeit with benefit of hindsight – we may feel that the Chancellor has missed an opportunity. The Chancellor delivered a ‘steady as she goes’ statement containing very little that hadn't already been announced. He heralded some significant infrastructure and lending initiatives but could have been more transformative with the tax system.

Positive measures for business include the reform of international corporate taxation which we'll hear more about next week. This is a flagship measure to make it easier for...

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