This content is from: Direct Tax

UK Inland Revenue agreement with C&W releases £1.5 billion

Telecommunications firm Cable & Wireless (C&W) has finalized an agreement with the UK Inland Revenue, releasing £1.5 billion ($2.3 billion), which C&W paid into escrow on January 13 2003 in respect of the disposal of One2One to Deutsche Telekom in 1999

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