Market leading insight for tax experts
View online issue

Can the UK Become More Competitive for UK plc?

 
2006 saw significant activity but the key tax issues for UK plc remain unsolved. Joy Svasti-Salee Head of International Tax Grant Thornton UK LLP considers what improvements are needed
 
Corporation tax is a factor that multinationals take into account in deciding where to locate their parent companies and where and how to invest. This is hardly surprising as most countries use tax rules and incentives to encourage investment in their territory (and attempts to restrain harmful competition in Europe have focussed largely on transparency and exchange of information). However it is the tax regime affecting the parent company which is most significant.
 
The UK regime is particularly onerous featuring complex controlled foreign company (CFC) legislation significant anti-avoidance legislation a credit system and what is today...
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.
EDITOR'S PICKstar
Top