Jonathan Bridges and Michael Bird examine the types of arrangement that may not give rise to an artificial diversion of UK profits and hence not attract a CFC charge
Next week’s Finance Bill will include legislation to reduce the main rate of corporation tax to 26% from 1 April 2011 and 25% from 1 April 2012. The small profits rate will be reduced to 20%, as announced in the June 2010 Budget, from 1 April 2011.
The European Commission has proposed an optional ‘one-stop-shop’ system allowing companies to consolidate all profits and losses arising across the EU and file a single tax return.
Bill Dodwell on the Thin Cap GLO and the EU and national direct taxation
A Tax Information Exchange Arrangement between the UK and Anguilla, signed in July 2009, entered into force on 17 February.
The Protocol to the UK/Oman double taxation agreement entered into force on 9 January.
Robert Langston and Nick Farr outline the issues faced by UK companies investing in China
Peter Cussons explains what the CCCTB proposals mean for UK and inbound groups
Chris Sanger on the cost of compliance and effective CT rates
‘A €200bn (£172bn) a year financial transactions tax should be levied on banks to discourage speculative trading, according to European lawmakers who voted on Tuesday to support the introduction of the so-called Robin Hood tax.