In advance of the publication of the Coalition's 'Roadmap for corporate tax reform', Chris Sanger reflects on the possible sources of inspiration for the Treasury
In the so-called ‘Emergency Budget’ the Chancellor set out the first part of the Government’s Roadmap for corporate tax reform to ‘create the most competitive corporate tax system in the G20’ by the end of this parliament. As a first step the Budget announced reforms to reduce corporation tax rates alongside reductions in capital allowances and the Annual Investment Allowance. The Government also plans reforms to the Controlled Foreign Company (CFC) rules a more territorial basis for taxing the profits of foreign branches whilst retaining foreign branch loss relief and consultations on the taxation of and incentives for intellectual property and R&D tax credits.
However the Government also announced that a more detailed programme...
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In advance of the publication of the Coalition's 'Roadmap for corporate tax reform', Chris Sanger reflects on the possible sources of inspiration for the Treasury
In the so-called ‘Emergency Budget’ the Chancellor set out the first part of the Government’s Roadmap for corporate tax reform to ‘create the most competitive corporate tax system in the G20’ by the end of this parliament. As a first step the Budget announced reforms to reduce corporation tax rates alongside reductions in capital allowances and the Annual Investment Allowance. The Government also plans reforms to the Controlled Foreign Company (CFC) rules a more territorial basis for taxing the profits of foreign branches whilst retaining foreign branch loss relief and consultations on the taxation of and incentives for intellectual property and R&D tax credits.
However the Government also announced that a more detailed programme...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
