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<p>In December 2012, the Government launched Private Finance 2 (PF2). PF2 introduces
significant reforms to the Private Finance Initiative (PFI) and gives a new approach
to the delivery of public infrastructure. It is based on the outcomes of a wide call
for evidence held across both the public and private sectors.</p><p> </p><p>The Government
seeks to ensure that the UK tax system is competitive for all companies and that the
UK is an attractive place to do business, while retaining proportionate anti-avoidance
protection.</p><p> </p><p> </p><p>A special purpose vehicle set up for the purposes
of delivering a PFI project is no different from any other corporate entity and is
therefore required to pay corporation tax in accordance with government rules.</p>
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