The Government has estimated that there are 190 open HMRC enquiries under the controlled foreign companies legislation, said Mark Hoban in a Commons written answer.
Just three respondents in a Christian Aid survey of FTSE 100 companies supported new international accounting standards to require country by country reporting, but the charity has told Tax Journal that there is ‘a growing consensus’ on the need for greater transparency in tax.
Kevin Conway reviews tax issues on variations of the terms of financing arrangements
HMRC invited comments by 22 November on draft regulations dealing with ‘mismatches’ between the tax and accounting treatment of interest and other financing expenses.
Donald L Korb and James Gadwood examine this recent initiative and consider what it means for UK corporations
Eloise Walker provides a case study covering all the key issues
The European Commission has launched a public consultation on country-by-country reporting by multinational companies.
Robert Langston and Maurice von Bertele outline the tax issues faced by UK companies investing in India
James MacLachlan examines UK competitiveness in light of Wolseley’s migration
Generating sustainable value and avoiding unpleasant surprises increasingly requires a clear strategy, aligned with your corporate goals, and supported by a robust framework for the management of tax risk, reports Mark Kennedy