When a business is able to choose where to establish (or relocate) itself, one relevant consideration will be the tax regime in each prospective jurisdiction. The criteria for what makes a jurisdiction attractive from a corporate tax perspective for holding companies is reasonably well defined; however, for the rest of the group, these criteria will be more unique and will turn on factors such as the specific group or company’s individual nature, industry, operations or shareholders. The stability of the tax regime as well as tax authority relations with business are also important factors. Ultimately, it is rare to find a jurisdiction that is a clear winner: the answer, like so much in tax, is that ‘it depends’.
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When a business is able to choose where to establish (or relocate) itself, one relevant consideration will be the tax regime in each prospective jurisdiction. The criteria for what makes a jurisdiction attractive from a corporate tax perspective for holding companies is reasonably well defined; however, for the rest of the group, these criteria will be more unique and will turn on factors such as the specific group or company’s individual nature, industry, operations or shareholders. The stability of the tax regime as well as tax authority relations with business are also important factors. Ultimately, it is rare to find a jurisdiction that is a clear winner: the answer, like so much in tax, is that ‘it depends’.
If you are not a subscriber, subscribe now to read this content.
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