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Taxation of Foreign Profits

Heather Self outlines the discussions held at the breakfast briefing on the Taxation of Foreign Profits hosted by the Oxford Business Tax Centre on 16 September 2008
The Technical Note issued by the Treasury on 21 July 2008 was summarised by Peter Cussons in his recent article (The Tax Journal Issue 945 4 August 2008). Discussions with business have continued over the summer and on 16 September 2008 the Oxford University Centre for Business Taxation (OUCBT) held a breakfast briefing to reflect on the current state of progress.
The briefing was chaired by Mike Devereux Director of the OUCBT and the speakers were Edward Troup Director of Business and Indirect Tax at HM Treasury and Malcolm Gammie QC.
Edward Troup began by...

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