There have been a number of government amendments to the Finance Bill most notably in relation to the investment company designated currency election provisions. The European Commission has requested the UK to amend its CFC legislation to properly take into account the ECJ decision in the Cadbury Schweppes case. The Advocate-General has issued his opinion in the first ECJ case on the taxation of outbound dividend payments to foreign pension funds. Two other recent ECJ cases are also commented on: the Prunus case and Scheuten Solar...
