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UK COMPETITIVENESS


Paul Smith considers whether the Budget proposals have done enough to prevent further corporate migration and attract businesses from overseas.

The Vita Group trades in 25 countries, therefore tax certainty in these many countries is an important issue for the group.

Given the current financial climate, George Osborne had very little he could give away in last week’s Budget but he gave clear signals that the UK is open for business.

James MacLachlan reviews the Budget 2011 Tax Proposals

Most of the changes that affect international corporate taxation have been announced previously and are part of the move towards a ‘more territorial’ tax system. FA 2011 will complete the interim CFC reform, as a precursor to more fundamental reform in FA 2012.

Gareth Miles reviews the Budget 2011 Tax Proposals

Next week’s Finance Bill will include legislation to reduce the main rate of corporation tax to 26% from 1 April 2011 and 25% from 1 April 2012. The small profits rate will be reduced to 20%, as announced in the June 2010 Budget, from 1 April 2011.

Paul Smith reviews European holding company jurisdictions

Allan Cinnamon and Nick Udal identify the key tax considerations in light of the recent acceleration of Hong Kong’s tax treaty programme

A leading Reuters editor told the BBC’s Newsnight earlier this week that only international co-operation will help prevent large multinationals using tax havens to undermine the tax base of national governments, after campaigners slammed a proposed exemption for profits of forei

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