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Foreign Profits

Peter Maybrey, Tax Partner, PricewaterhouseCoopers LLP, takes a more detailed look at the interest restriction proposals in light of recent developments

 
Peter Maybrey Tax Partner PricewaterhouseCoopers LLP takes a more detailed look at the interest restriction proposals in light of recent developments
 
The tax system has a role to play in promoting the competitiveness of the UK as a place to do business. The Government has increasingly recognised this element in recent policy reviews and the minutes of the first meeting of the Chancellor's new Business-Government Forum on Tax and Globalisation set out a clear statement to this effect. This applies on an international level in comparing the treatment of companies located elsewhere but also at a national level with regards to different sizes and types of companies. This is an important factor...

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