Surprisingly, Chancellor George Osborne announced at the Autumn Statement a bold new tax - the diverted profits tax - without being able to tell us anything about it. The unveiling thus happened a week later. CBI director general John Cridland expressed surprise that the UK had chosen to leap ahead of the other G20/OECD countries. Tax campaigner Richard Murphy said he did not unambiguously welcome the tax, adding 'but perhaps, most of all, I have reservations on the impact on the BEPS [Base Erosion and Profit Shifting] process'. However, John Longworth, director general of the British Chambers of Commerce, was much more welcoming, stating: 'Many in British business will in fact cheer George Osborne's unilateral attempt to level the tax playing field'.
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