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International Round-up

Chris Morgan, partner in International Tax Services at KPMG in the UK, rounds up the latest developments in the international tax world

 
Chris Morgan partner in International Tax Services at KPMG in the UK rounds up the latest developments in the international tax world
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There have been several foreign-profits-related developments of varied significance over the last few weeks. Perhaps most important was that on 9 November 2009 HM Treasury announced proposed changes to the worldwide debt cap rules in the light of representations from business and advisers. HMRC then published a Technical Note explaining these changes which will be included in Finance Bill 2010 and will have effect for periods of account of the worldwide...

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