Robert Langston provides a checklist of tax issues for companies considering debt funding into the UK
Corporate tax reforms need to strike the right balance between revenue protection and competitiveness, PwC said ahead of the release – which the firms expects to see this week – of a discussion document on corporate tax and controlled foreign companies reform.
The Government will publish responses to formal consultation on corporate capital gains, furnished holiday lettings and tax policy making on 9 December, when it expects to publish draft clauses planned for Finance Bill 2011, the Treasury has confirmed.
HMRC has published explanatory memorandums to The Double Taxation Relief and International Tax Enforcement (Qatar) Order, SI 2010/241, and The Double Taxation Relief and International Tax Enforcement (Libya) Order, SI 2010/243, which bring into effect arrangements for the avoidance of double taxa
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.
HMRC and the Liechtenstein Government have signed a second joint declaration concerning HMRC’s five-year Liechtenstein Disclosure Facility (LDF) for people who have undeclared UK tax liabilities.
Ten statutory instruments relating to double taxation relief and exchange of information for tax purposes have been published:
A protocol amending the UK’s double taxation convention with South Africa was signed on 8 November.
‘Campaigners for a ‘Robin Hood’ tax – sometimes called a Tobin tax – on financial deals received a boost when the first in-depth study of the idea found that transaction taxes were feasible and would allow the Government to double Britain's annual aid budget,’ The Guardian reported (9 No