Market leading insight for tax experts
View online issue

Acceptable Distribution?

Alastair Munro Director KPMG and Ulrike Schoeman Manager KPMG consider the proposed foreign dividend exemption in the Foreign Profits DiscDoc
It is hoped that there will be a possible Government announcement on progress with its proposals to reform the taxation of foreign profits towards the end of July. In anticipation of this announcement in this article we will discuss the proposed foreign dividend exemption.
On 21 June last year the Government published a discussion document (DiscDoc) focusing on the possible reform of UK taxation in four key areas: foreign dividends controlled companies (CCs) deductibility of interest and Treasury consents. A potential start date of 1 April 2009 was mentioned for...
If you are not a subscriber, subscribe now to read this content.
If you are already a subscriber, sign in
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.