GlaxoSmithKline (JOBS) Threatens to Shift Investment from UK

Published: Dec 11, 2009

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Financial Times -- GlaxoSmithKline might shift outside the UK a planned £300m investment to develop and manufacture its next generation of medicines unless the government rapidly implements new tax incentives. In a statement, the UK-based pharmaceuticals group praised plans for new tax relief on income from patents developed by innovative companies in this week’s pre-Budget report, but warned it would need to apply to drugs already under development.

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