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2019 review: taxing times for corporates

Even without a Budget, 2019 has been a year of significant change to the taxation of corporates, writes Ashley Greenbank (Macfarlanes).

It has been an extraordinary year. With just a few weeks to go 2019 looks likely to be the first calendar year without a Budget statement since 1768. Fortunately for me even without some of the traditional sources the year has not been without some material developments in the tax world. Here are some of the highlights. It’s a personal selection.

Brexit

I must begin this review with a few comments on Brexit. In addition to the Budget 2019 has seen various casualties of the Brexit-driven political turmoil. Mrs May’s Brexit deal was one of them. The withdrawal agreement negotiated by her government failed to obtain Parliamentary approval on no fewer than three separate occasions resulting in extensions to the article 50 process now...

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