Paul Morton reviews the top five tax developments in 2011 affecting in-house teams.
This was another busy year for in-house tax teams. Apart from a 388-page Finance Act the ‘Consultation Tracker’ published by HM Treasury on 25 October listed 46 separate items. Now in that gradual descent into end of year festivities we can reflect back on five key areas of challenge in 2011.
The various consultations on the current round of corporate tax reform moved closer to fruition this year with detailed discussions on final CFC reform the Patent Box the taxation of foreign branches R&D and the publication late in the year of Graham Aaronson QC’s study on a GAAR (is it a General...
