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Osborne closes tax net on multinationals, banks

UK Chancellor also radically reforms stamp duty on house purchases in his Autumn Statement

Mr Osborne (left) and Danny Alexander, UK chief secretary to the treasury, leaving the HM Treasury building before heading to deliver the Autumn Budget Statement at the Houses of Parliament.


UK's Chancellor of the Exchequer George Osborne has closed the tax net on multinationals, shut a significant bank tax loophole and has radically reformed stamp duty on house purchases.

Multinational companies such as Amazon and Apple will have to pay a new 25 per cent tax on