UK: Brown may compromise on stamp tax - report
The UK Chancellor Gordon Brown is reported to be considering a compromise over the controversial stamp tax plans, the Scotsman reported today.
The news comes after an all-party group of MPs called the plans ill-thought through, sayng they would do little to beat fraud.
The newspaper said a compromise may be reached which saw the stamp incorporated into the label instead of as a strip across the bottle top - a move the would significantly reduce the cost to the industry.
A treasury spokesperson was quoted saying: "We are now working closely with the industry on the implementation of tax stamps, and ways to reduce the costs for companies. We will consider the committee's report in this context."
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