Chris Morgan rounds up the latest developments in the international tax world
Transfer pricing enables some companies with overseas ownership to gain an unfair advantage, some participants in a recent survey of larger businesses observed.
‘There's absolutely no question of HMRC softening its approach to tackling avoidance, and HMRC will continue to ensure that everyone pays the right tax,’ a spokesman told Tax Journal after reports suggested that tax officials were to take a softer stance on avoidance.
The OECD announced the approval of the 2010 versions of its model tax convention, transfer pricing guidelines and report on the attribution of profits to permanent establishments.
Michael Bird and Mark Feldman look at the impact of changes to the debt cap rules
Robert Langston summarises the basic rules and planning opportunities to maximise the benefit of double tax relief
Michael Bird on CFCs
Graham Airs on foreign branch profits
Chris Morgan provides a global update
Radical reforms to the PAYE system, saving employers an estimated £500 million, are among proposals set out in nine tax policy documents released ‘for discussion and consultation’ as Parliament rose for the summer recess.