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Why HMV and Channel Islands’ resistance to scrapping tax relief is futile

16 February 2012

Salman Shaheen

As the Channel Islands prepare to fight the scrapping of the UK’s low value consignment relief (LVCR) in a judicial review next month, Simon Fox, CEO of music retail company, HMV, argues that it may cause companies like his to relocate to Switzerland. Both, however, are likely to be shouting at the wind.



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