CBI warning on Osborne's 'Google tax'

CBI boss John Cridland said action by the UK outside plans already in place by the OECD would "be a concern for global businesses", according to the BBC. Osborne announced a 25% tax on profits generated in the UK but which companies attempt to divert overseas in the Autumn Statement on 3 November. The Chancellor claims his crackdown will raise £1bn from multinationals. Tax campaigners say tax reform to prevent international companies from paying low tax is hard, but possible. John Cridland, CBI Director-General, said: "International tax rules are in urgent need of updating, but ...