International briefing for May 2012

What’s new?

Surprisingly there is nothing new to report this month on controlled foreign company (CFC) reform or patent box two subjects which seem to have featured almost permanently in this article over the past few years. Because of the change to the way parliamentary sessions are now organised we have had a big lull in proceedings on the Finance Bill in the past few weeks as the 2011/12 session came to an end and the 2012/13 session commenced. Things are about to pick up again though so we will hopefully find out soon if there are to be any amendments to the CFC and patent...