The Upper Tribunal agrees that benefits should be restricted in a leveraged tax relief scheme. The G20 finance ministers consider the first round of BEPS deliverables, but defer final agreement until 2015. The Labour party has (perhaps) identified a further ‘tax loophole’ to be closed in proposals announced at its recent party conference. HMRC publishes some helpful, but limited, guidance on the issue of additional tier 1 capital by non-UK banks.
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The Upper Tribunal agrees that benefits should be restricted in a leveraged tax relief scheme. The G20 finance ministers consider the first round of BEPS deliverables, but defer final agreement until 2015. The Labour party has (perhaps) identified a further ‘tax loophole’ to be closed in proposals announced at its recent party conference. HMRC publishes some helpful, but limited, guidance on the issue of additional tier 1 capital by non-UK banks.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: