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Tax and the City review for June 2022

Speed read
The OECD’s consultation on the proposed regulated financial services exclusion from the new taxing right for market jurisdictions known as Amount A of pillar one provides an insight into how the exclusion will apply. The OECD’s report for the G7 on strengthening international tax administration includes high level recommendations for common and co-ordinated collaborative rules. The FTT in Hexagon considers the loan relationships related transaction rule in the context of a debt release where the bank waived part of the debt as compensation for mis-selling. HMRC consults on including cryptoassets within the investment management exemption.

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