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Heather Self International Tax Partner with Grant Thornton UK LLP and Conor Begley International Tax Director with Grant Thornton Ireland discuss the UK and Irish issues on foreign profits
 
The recent high-profile cases of Shire Pharmaceuticals and UBM Media Group relocating their holding companies from the UK to Ireland have generated a wave of interest (see for example Sara Luder's article in The Tax Journal Issue 931 28 April 2008). In this article we consider the current state of the UK review of the taxation of foreign profits and set out some of the key issues that multinationals should consider in deciding whether to remain in the UK.
The review of foreign profits
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