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Roger Muray, Ernst & Young LLP, discusses the recent amendments to the Disregard Regulations and asks if there is any reason why UK-based multinationals should not make a new election

 
Roger Muray Ernst & Young LLP discusses the recent amendments to the Disregard Regulations and asks if there is any reason why UK-based multinationals should not make a new election
 
For accounting periods beginning on or after 1 January 2008 a new election should make it easier for UK-based multinationals to hedge their net investment in foreign operations conducted through subsidiaries. The deadline for the election is tight. The key question is not whether to make the election but rather is there any reason not to?
 
Multinational companies are likely to conduct business abroad through branches or more likely subsidiaries...

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