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But of the 22 works placed under temporary export deferral, only eight were saved from export overseas.
There are currently eight objects under temporary export deferral, including a 15th-century painting by the workshop of Dutch painter Dieric Bouts the Elder worth £3.3m.
Only last week, culture minister Ed Vaizey put an export deferral on a painting worth £30m to provide an opportunity to save it for the nation.Portrait of a Young Man in a Red Cap, by the 16th-century Italian Old Master Pontormo, was believed lost for more than two centuries before its rediscovery in a private art collection.
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"I hope that my deferral of the export licence will allow time for a buyer to come forward and secure this exquisite painting for the nation, where it can be studied and enjoyed by all".
It would, for instance, end deferral for profits on goods made for export, but not for profits that a firm made from producing goods that were used in the foreign country in which they were made.
And how do you discriminate between an overseas subsidiary producing for local consumption (which is still eligible for tax deferrals under the Kerry plan) and one producing for export (which is not)?In the end Mr Kerry is simply tinkering with an already fiendishly complex tax code.
Happiness required deferral.
"There were no grounds to justify deferral".
Those who favour deferral point to Uruguay.
Would ending deferral keep jobs at home?
"Deferral is not canceling," Mr. Evans said.
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