HMRC is in the process of moving its guidance on the corporate interest restriction into the Corporate Finance Manual.
This month's review of the key tax developments affecting the City, by Mike Lane and Zoe Andrews (Slaughter and May).
The highly concentrated nature of Ireland’s corporation tax receipts represents ‘an unacceptable level of risk’, according to the Irish parliament’s public accounts committee.
Jonathan Rosen (Akin Gump Strauss Hauer & Feld) considers the recent restrictions on corporate interest deductibility, and their impact on the UK’s attractiveness as a holding company jurisdiction.
The trade, investment and tax cooperation task force of the T20 Argentina team, part of the Argentine G20 presidency, has called for action from G20 leaders to prevent international tax competition becoming ‘a ruinous race to the bottom’.
Rhiannon Kinghall Were and Nigel Doran (Macfarlanes) review the consultation proposals which are intended to reduce administrative burdens.