The Prime Minister is hosting a London summit today designed to address investors' concerns over tax rises in the UK.
About 250 chief executives and entrepreneurs from around the world are expected to attend the Global Investment Conference at which both Gordon Brown and Lord Mandelson will speak.
The summit is designed to dissuade foreign investors from defecting from the UK in the face of the impending 50% top rate of tax for those earning in excess of £150,000.
Additionally, the Chancellor will publish a draft document entitled Tax Framework for Multinationals, which promises to consult large corporations on new business levies.
It also pledges to ensure tax legislation does not place firms at a competitive disadvantage or trigger unnecessary bureaucratic intervention.
While business will not be able to influence tax rates, the Treasury is keen that industry is consulted over the impact of any such rises and wants to be clear about the direction of any new business tax policies in order to allow companies to plan with certainty.
Currently Britain trails only the US as the biggest magnet for overseas business investment, with Government estimates crediting foreign investment with the creation of 800,000 jobs in the UK over the past decade.
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