Marks & Spencer is likely to invest its £4bn property portfolio in a
tax-efficient investment trust when the trusts are introduced by the government
in January 2007.
The retailer’s broker, Morgan Stanley, has advised it of the benefits of
investing in real estate investment trusts, known as REITS, which would free up
cash, which could then either be paid out to shareholders or reinvested in the
core business, The Times reported.
As a further bonus M&S shareholders would also be able to buy shares in
the M&S REIT and receive dividends paid from its tax-free earnings.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states