Weighing up the competitiveness of different jurisdictions from a corporate tax perspective requires a nuanced analysis. Sarah Osprey (Slaughter and May) sets out the key factors to consider and explains why, with tax, it is rare to find a jurisdiction that is a clear winner.
How important is tax?
Most corporate groups will – at some stage in their lifecycle – have a choice as to where to establish (or move) their operations headquarters or parent entity. In doing so they will look for a jurisdiction which they believe offers favourable conditions. One part of that analysis may of course be tax. But before getting into the tax considerations in play there is one important caveat: tax will rarely be the driving factor.
Among other things each multinational will consider ‘jurisdiction factors’ (for example the jurisdiction’s political climate and its judicial system) and...
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Weighing up the competitiveness of different jurisdictions from a corporate tax perspective requires a nuanced analysis. Sarah Osprey (Slaughter and May) sets out the key factors to consider and explains why, with tax, it is rare to find a jurisdiction that is a clear winner.
How important is tax?
Most corporate groups will – at some stage in their lifecycle – have a choice as to where to establish (or move) their operations headquarters or parent entity. In doing so they will look for a jurisdiction which they believe offers favourable conditions. One part of that analysis may of course be tax. But before getting into the tax considerations in play there is one important caveat: tax will rarely be the driving factor.
Among other things each multinational will consider ‘jurisdiction factors’ (for example the jurisdiction’s political climate and its judicial system) and...
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:
