Business has supported establishment by the OECD of ‘uniform international rules on controlled foreign companies and on interest deductibility’
Bill Dodwell comments on the GAAR guidance
Helen Lethaby reviews recent developments affecting the City, and reflects on the carrot and stick approach in last month’s Budget.
RWE npower boss fails to convince MPs on the energy select committee that ‘there is nothing amazing’ about capital allowances for major investment
‘George Osborne is finalising measures to clamp down on two of the world’s most notorious tax havens.
GAAR may apply to ‘abusive’ arrangements exploiting double tax treaty provisions, or the way those provisions interact with others
‘The key difficulty is applying the GAAR to cases where it is not clear if they are or are not abusive,’ guidance says
BDO partner expresses concern over proliferation of tax opinions ‘unlikely’ to be upheld by the courts
Reform will bring in ‘a new era of transparency to an industry which is far too often shrouded in secrecy’, says internal market commissioner
Austria’s finance minister demands UK government action against ‘havens for tax refugees’