"There is not some magic bullet"

Business quote of the day.

Mike Williams, head of business and international tax, told the House of Lords economic affairs committee yesterday.
 
"There is not some magic bullet where the profits currently in a tax haven or an area with sub-5 per cent tax automatically go back to where they were generated."

Photograph: Getty Images
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The New Statesman Cover | Wanted: An opposition

A first look at this week's magazine.

March 31 - April 6 
Wanted: An opposition