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We in the UK have abolished Corporation Tax.

Well, not for Companies, but by creating Limited Liability Partnerships ("LLP's"), which are corporate bodies which can do everything a Company can do - but without the conflicts - and without themselves paying tax.

Instead, LLP Members pay tax in respect of the revenues or gains that flow through the LLP to them..

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Fri Mar 16th, 2007 at 08:08:31 PM EST
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