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CORPORATE TAXES


The government is proposing to broaden the netting provisions within the bank levy to ensure that they cover the full range of commercial transactions that are included within netting arrangements.

HM Treasury published draft clauses for Finance Bill 2012 on 6 December 2011. The draft legislation is open for consultation until 10 February 2012. See page 4 onwards. ...

Paula Tallon discusses a dilemma facing many family businesses.

Multinational ‘tax dodges’ are estimated to account for over half of all illicit capital flight from developing countries, the European Network on Debt and Development (Eurodad), a network of NGOs from 19 European countries, has claimed.

The UK’s corporate tax competitiveness ‘appears to have finally turned a corner’, KMPG said as it summarised the findings of a survey of 50 large businesses operating in the UK. In 2009 only 17% of respondents said the UK had ‘the most...

Roll-over relief is a valuable relief for businesses but the legislation is complex in parts. Paula Tallon examines some of the basic requirements and highlights some planning opportunities.

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