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British industry calls on government to extend scope of patent box

February 22, 2012

Sophie Ashley



The Confederation of British Industry (CBI) sent its submission to the Treasury today in anticipation of the 2012 budget.

In the organisation’s recommendations, which totalled approximately £500 million ($785 million) – an amount described as fitting with the government’s expenditure limitations – the CBI is broadly concerned with improving the UK’s competitiveness and simplifying the tax code.

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