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Budget 2021 | PwC comments on bank surcharge - UK will need to keep an eye on USA

27/10/21

Andrew Packman, tax partner at PwC, comments on the bank surcharge:

"Given the difficult fiscal path the Government is seeking to follow, it is encouraging to see the Chancellor taking steps to maintain the competitiveness of the UK as a place for carrying on banking business and they will be welcomed by the industry. It will be important for the taxation of the sector to be reviewed in the light of international developments, particularly in the USA."

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