Our special report on the much awaited OECD report, with contributions from Paul Morton, Robert Langston, Alison Lobb and Heather Self
Some immediate reaction on the OECD's Action Plan on Base Erosion and Profit Shifting.
Jonathan Legg on the Court of Appeal’s reversal of the decision by the Upper Tribunal
HMRC’s tax assurance commissioner publishes his first annual report on resolving disputes.
Loan relationship: continuity of treatment on transfers within groups or reorganisations
Measures to increase tax transparency will bring the international tax system into the modern age, the UK government declared at the close of the G8 leaders’ summit in Northern Ireland.
The UK’s corporation tax system is about right, tax lawyers said in evidence to the House of Lords economic affairs committee on 4 June, but they broadly supported the OECD’s initiative to address ‘base erosion and profit shifting’.
A new EU law requiring multinationals to report profits and taxes on a country by country basis may be introduced within a few months, reports have suggested after the European Council agreed to strengthen measures to tackle tax evasion and avoidance.
Cross-border loss relief
The FTT rejected an attempt to take advantage of the derivative contract group transfer rules. Kevin Conway offers an analysis