A change to the UK-Swiss tax agreement signed last October provides for an increase in the maximum rate of the one-off payment from 34% to 41%.
Tax Justice Network says the current regime for taxing multinationals is ‘not fit for purpose’
Chris Morgan provides your update on developments in international tax, including recent examples of overseas tax authorities clamping down on tax avoidance.
A tax information exchange agreement between the UK and Liberia, signed in London in November 2010, entered into force on 30 March 2012.
Coverage in the ‘quality’ newspapers of last week’s well-attended launch of the CBI’s tax campaign appears to have been l
Robert Langston outlines their scope and limitations.
Drew Bailey explains why transfer pricing principles are increasingly important in tax competitiveness as well as protecting the tax base.
A special low rate of UK corporation tax on finance profits from overseas financing within multinational groups will offer a ‘very significant’ benefit to groups setting up a structure that represents, according to a leading tax expert, ‘almost government-approved tax avoidance’.
HM Treasury has published a ‘non-exhaustive list’ of changes made to draft legislation on controlled foreign companies between the February 2012 update and the Finance Bill published on 29 March.
An ‘amending arrangement’ to the double taxation arrangement between the UK and Montserrat entered into force on 14 March 2012.