By Paul Radcliffe
Judy Harrison discusses the EC’s parent-subsidiary directive proposals and why they ‘may not require any significant changes’ to UK tax law
Several international agreements have been signed in the past week. The UK has signed FATCA-style intergovernmental agreements with Montserrat, the Turks and Caicos Islands and the British Virgin Islands.
The third in a series of special reports on the BRIC countries. Jayesh Sanghvi provides an examination of the tax and regulatory landscape in India, with contributions from Naveen Agarwal and Ravi Bharadwaj.
Chris Morgan reviews recent developments, including the recent CFC and dividend group litigation (Prudential Assurance Company Ltd), the AG’s opinion in Felixstowe and Emerging Market Series, and updates to tax rules in Brazil, Ireland and Norway.
Jason Collins gives his predictions on what to expect from next week’s Autumn Statement.
Richard Collier and Aamer Rafiq, PwC
By Andrew Goldstone & Jonathan Legg, Mishcon de Reya
Sjoerd Douma & Bob van der Made, PwC, set out the key proposals.
Loopholes in the Parent-Subsidiary Directive (Council Directive 2011/96/EU) exploited by companies avoiding corporation tax are to be closed as part of a European Commission’s action plan to tackle tax evasion. The proposed reforms to the directive include: