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International Round-up

Chris Morgan Head of International Corporate Tax at KPMG in the UK rounds up the latest developments in the international tax world
What's Hot?
Foreign profits
The draft legislation published in December continues to dominate the tax agenda for UK businesses but sadly for all the wrong reasons. Although the dividend exemption has been widely welcomed it is the planned worldwide debt cap that is now the focus of attention. My colleague Mark Penney wrote in last week's edition (9 February 2009 Issue 967) about some of the numerous and significant practical problems that will arise if these proposals are taken forward as drafted so I won't...

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