Multinational groups need to ensure that they have the necessary resources and systems in place to cope with country by country reporting from 2016, say Nigel Dolman & Tom Brennan (Baker & McKenzie)
Peter Jackson (Taylor Wessing) answers a query on a group restructuring to assist the refinancing of existing debt
President Obama has proposed a levy for US corporations on profits located abroad, which are not repatriated to the US. Kristin Konschnik and Mitchell R. Kops (Withers) consider the proposals and what effect they may have in practice
The European Parliament voted on 12 February to set up a special parliamentary committee to look into EU member states’ ‘tax rulings and other measures similar in nature or effect’ and make recommendations for the future.
David Boneham (Deloitte) summarises the changes arising from the government’s review of the loan relationships and derivative contracts rules.
In this month’s briefing, Mark Middleditch (Allen & Overy) provides a round-up of recent tax developments affecting the City, including: the decisions in Sir Fraser Morrison (contingent CGT liability for shareholder-director) and Project Blue (SDLT anti-avoidance); new tax relief for corporate rescues; and the Office of Tax Simplification’s report on partnership taxation.
The CJEU judgment in European Commission v UK has rejected a challenge to the UK group relief legislation, following on from the Marks and Spencer litigation. Rupert Shiers (Hogan Lovells) reviews the decision and asks where this leaves us.
Following the conclusion of its inquiry into PwC and Shire Pharmaceuticals following the ‘LuxLeaks’ furore, the Public Accounts Committee (PAC) has released its report on tax avoidance and the role of large accountancy firms
The UK is rushing through a new tax which overrides a longstanding international principle. Is that wise, asks Mark Bevington (Baker & McKenzie)
The Indian government will not be appealing the Bombay High Court’s decision in Vodafone lndia Services Pvt. Ltd AY 2009-10 (WP No.871120).