Ashley Greenbank (Macfarlanes) picks out some highlights in a year of political and economic turmoil.
2017. A year of political and economic turmoil and in the tax context three Finance Bills. In this article I have picked out some of the highlights. It’s a purely personal choice which I have attempted without mentioning the ‘B-word’ because I suspect that is for next year.
Yet more BEPS
That B-word however is not BEPS. The OECD/G20’s project to rewrite the international tax rules was again a recurring theme.
Anti-hybrid rules
The year began with the introduction on 1 January of new UK anti-hybrid rules to give effect to the recommendations of Action 2 of the OECD/G20 BEPS project. This hideously complex set of provisions is intended to counteract tax mismatches in group financing structures or ‘structured arrangements’ arising from the presence of hybrid...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Ashley Greenbank (Macfarlanes) picks out some highlights in a year of political and economic turmoil.
2017. A year of political and economic turmoil and in the tax context three Finance Bills. In this article I have picked out some of the highlights. It’s a purely personal choice which I have attempted without mentioning the ‘B-word’ because I suspect that is for next year.
Yet more BEPS
That B-word however is not BEPS. The OECD/G20’s project to rewrite the international tax rules was again a recurring theme.
Anti-hybrid rules
The year began with the introduction on 1 January of new UK anti-hybrid rules to give effect to the recommendations of Action 2 of the OECD/G20 BEPS project. This hideously complex set of provisions is intended to counteract tax mismatches in group financing structures or ‘structured arrangements’ arising from the presence of hybrid...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
