Philip Lewis Director Insurance Tax with KPMG LLP (UK) gives a personal view of the corporate tax implications for insurance companies in the Budget
2005 was perhaps a frustrating year for those involved with tax on insurance companies. From the Pre-Budget Report in December 2004 through several Finance Bills and draft regulations the situation was laid — temporarily — to bed in December 2005 but not before much talk on welcome reform had been sidelined and new proposals had appeared in September 2005 to unfavourable comment from the industry as noted below. Perhaps we should be happy that there did not seem to be too many unpleasant surprises in the Budget this year — there was much to resolve already. The Budget was largely an expansion on What Has...
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Philip Lewis Director Insurance Tax with KPMG LLP (UK) gives a personal view of the corporate tax implications for insurance companies in the Budget
2005 was perhaps a frustrating year for those involved with tax on insurance companies. From the Pre-Budget Report in December 2004 through several Finance Bills and draft regulations the situation was laid — temporarily — to bed in December 2005 but not before much talk on welcome reform had been sidelined and new proposals had appeared in September 2005 to unfavourable comment from the industry as noted below. Perhaps we should be happy that there did not seem to be too many unpleasant surprises in the Budget this year — there was much to resolve already. The Budget was largely an expansion on What Has...
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