2017 brings significant challenges for big business with the commencement of the anti-hybrids rules, a new corporate interest restriction and changes to the carried-forward loss regime. Tax rulings will face increased scrutiny as the European Commission pursues its state aid challenges and automatic exchange of information on cross-border tax rulings commences. On the plus side, there will be improvements to the substantial shareholding exemption and the reduction in the rate of corporation tax to 19%.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
2017 brings significant challenges for big business with the commencement of the anti-hybrids rules, a new corporate interest restriction and changes to the carried-forward loss regime. Tax rulings will face increased scrutiny as the European Commission pursues its state aid challenges and automatic exchange of information on cross-border tax rulings commences. On the plus side, there will be improvements to the substantial shareholding exemption and the reduction in the rate of corporation tax to 19%.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: