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Possible milestone passed in UK Budget

Offshores not mentioned for first time since 2008

FRIDAY 10/07


The fact that there was no mention of a clampdown on offshore jurisdictions in this week's UK Budget may be a milestone.

That's the belief of Tax Director at PWC in Douglas, Kevin Cowley.

Mr Osborne's budget was broadly welcomed by Treasury Minister Eddie Teare.

Mr Cowley says it's the first time in years there's been no mention of offshore tax jurisdictions . . . but adds we can't afford to be complacent . . .

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