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IN BRIEF

Views on recent developments in tax.

Restitution interest on restitution interest? asks George Bull (RSM).

Financial Secretary to the Treasury, David Gauke, answers questions from Tax Journal on tax competitiveness and tackling avoidance.

The UK’s policy of allowing certain outsourced services to be provided to insurers without VAT is now left uncertain following the European Commission’s decision to abandon its ongoing review of the VAT treatment of financial services in the EU.

Has the tax credits defeat left the tax system vulnerable? asks George Bull (RSM).

Richard Asquith (VP Global Tax, Avalara) reports on the European Commission's change of heart on reduced VAT rates.

BEPS marks a turning point in international tax, but the work is not over yet.
 

Luxembourg is to abolish its IP regime and amend its net wealth tax, writes Matthijs Haarsma and Peter Moons (Loyens & Loeff NV).

In which ‘Little Red Riding Hood’ defeats the Lithuanian VAT Wolf, writes Graham Elliott.

TAXE Committee gives multinationals ‘one more chance’ to turn up, reports Tim Law (Engaged Consulting)

The decision in Lloyds Bank Leasing illustrates an inherent problem with TAARs which employ purpose-based tests to restrict the availability of tax expenditure reliefs: since the point of tax reliefs is to alter taxpayer behaviour, why then should taxpayers be denied relief for responding accordingly? 
 
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