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What, and Where to Next?

Peter Cussons Tax Partner PricewaterhouseCoopers LLP reviews the recent announcement from Treasury on the taxation of foreign profits proposals examining what 'unbundling' the three-year discussion will really mean
As reported in recent news the Right Honourable Jane Kennedy MP Financial Secretary to the Treasury wrote open letters to Richard Lambert Director General CBI and Julian Heslop Chairman of The Hundred Group Fiscal Committee together with an accompanying HM Treasury seven-page technical note on 21 July 2008.
Notwithstanding the statements on the launch of the foreign profits discussion document on 21 June 2007 and thereafter that the review of taxation of foreign profits was a...

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