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Raising Money in 2008

Miles Walton Tax Partner Allen & Overy introduces our new series on raising money in the current climate
In times of serious economic downturn and uncertainty in the world of banking when raising funds for business is difficult might one expect the Government to assist industry by relaxing some of the relevant tax rules? After all there has been at least a token attempt to help first-time property buyers in the form of a modest change to the stamp duty land tax provisions.
Tax advisers spend a great deal of time considering how to ensure that the raising and use of funds by industry do not fall foul of the numerous provisions in the tax legislation that could adversely affect the desired transaction. How refreshing it would be...

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