The group could be opting, in effect, to have profits ‘taxed in the UK rather than elsewhere’, say Tolley Tax experts
Your guide to the key tax measures, with views from tax professionals including Chris Sanger (tax policy); James Bullock (contentious tax); Tony Beare (MNCs); Peter Rayney (SMEs); and Peter Vaines (private client). John Hawksworth provides an economist’s perspective.
A ‘gift’ to the government could create a two-tier tax system, says CIOT president
'Corporation tax is not a voluntary tax and Parliament sets out the rules and rates for businesses to follow,' says HMRC
‘A brave and determined investigation’
'A fascinating and innovative development aimed at “changing behaviours”'
Panel will give opinions to HMRC and taxpayers about the rule’s application to individual cases
‘Sufficient checks and balances are not yet in place,’ says head of tax at Berwin Leighton Paisner
‘Loopholes are being closed with immediate effect,’ the chancellor announced
Treasury committee set to begin its own inquiry into Britain’s tax system