Chris Morgan (KPMG) provides your monthly round-up of tax developments in the international arena, including the EC’s anti-avoidance package; challenges to the UK’s 45% tax rate on restitutional interest; and key tax developments from around the world.
International tax has been in the media spotlight yet again this month with attention focused on one particular HMRC settlement which triggered a new ‘corporate tax deals’ inquiry by the Public Accounts Committee (PAC); and in advance of the PAC evidence session on 11 February the publication of HMRC’s Factsheet on HMRC and multinational corporations. Familiar themes have featured in this latest debate: transparency; lack of trust in companies and tax authorities; the complexity of current rules; questions around whether the current rules are fit for purpose; and the extent to which there is a moral or ethical aspect and not just a legal aspect to taxation. One...
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:
Chris Morgan (KPMG) provides your monthly round-up of tax developments in the international arena, including the EC’s anti-avoidance package; challenges to the UK’s 45% tax rate on restitutional interest; and key tax developments from around the world.
International tax has been in the media spotlight yet again this month with attention focused on one particular HMRC settlement which triggered a new ‘corporate tax deals’ inquiry by the Public Accounts Committee (PAC); and in advance of the PAC evidence session on 11 February the publication of HMRC’s Factsheet on HMRC and multinational corporations. Familiar themes have featured in this latest debate: transparency; lack of trust in companies and tax authorities; the complexity of current rules; questions around whether the current rules are fit for purpose; and the extent to which there is a moral or ethical aspect and not just a legal aspect to taxation. One...
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:
