The publication of Finance Bill 2012 marks the beginning of the end of a significant period of consultation on reforms affecting controlled foreign companies, the Patent Box and the taxation of life insurance business profits. As many of the other provisions in the Bill were released for consultation in December 2011, the surprises in the Bill are limited. However, given the scale of the reforms and the volume of the legislation, there will be a need for consideration of the detailed legislation in the months to come.
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