|
|
21 Mar 2011
THE TREASURY is reported this morning to have been in talks with advertising and maketing giant WPP about returning its tax base to the UK.
The Daily Telegraph claims that disucussions have been under way for six months and centre on a reformed 'controlled foreign companies' (CFC) regime that would make it more attractive for WPP to be back in Britain.
Further reading
WPP controversially moved its tax base to Ireland in late 2008 amid growing criticism of the UK's corporate tax regime.
Chancellor George Osborne is expected to announce changes to the CFC regime in his Budget on Wednesday.
The CFC regime is designed to block tax avoidance using overseas companies located in tax havens.
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment