International briefing for April 2017

I started last month’s article with some comments on the potentially wide ranging tax reforms expected in the US under President Trump. The press are now reporting that the timeline for these reforms to be ready for review (originally hoped to be by August 2017) is likely to be pushed back due to the setbacks suffered by the administration on healthcare reform. Given the very ambitious nature of the original timetable this is not entirely surprising.

Here in the UK the headlines are all focused on the surprise general election called for next month. It is difficult to predict what this could mean for tax policy going forward but this is effectively the first manifesto for Theresa May and Philip Hammond so it does create the opportunity for them to replace some old...