Issue: Vol 0, Issue 1082

Analysis

• Tax in a new financial world
• Tax on circular money
• Seeking clarity on treaty interpretation
• The new degrouping rules: practical implications
• Foreign branches and financial services
• Reed Employment Ltd and economic reality

In brief

• Tax on financial services: a changing world
• Tower M-post-tax: why the LLP ought not to have failed
• CFC reform: underlying issues

News

• Study group reaches ‘consensus’ on potential advantages of a GAAR
• Press watch: PFI and tax havens
• Tax evasion: OECD invites all countries to sign up to revised convention
• Transfer pricing simplification measures: OECD consultation
• People and firms: Carpenter Box, KPMG and Deloitte
• Tax credits: a reminder and a warning
• Stamp taxes downtime
• Simplification of regulatory penalties: consultation
• Tax residence: more certainty and ‘a recipe for disaster’
• Inheritance tax: amended consultation document
• Equitable Life: regulations
• Northern Ireland economy: consultation extended

Cases

• A Noor v HMRC
• Bridport & West Dorset Golf Club Ltd v HMRC
• Paymex Ltd v HMRC
• GV Cox Ltd v HMRC