Govt moves to assuage foreign investors' fears

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 ...