is being forced to rethink the policy of taxing foreign dividends, as
experts warn that multinationals are shunning the UK in favour of countries with
more lenient corporate tax regimes.
The Treasury has also come under pressure from the
European Court of Justice
, which ruled last year that the final tax charge on a foreign dividend
should not be greater than the charge on a domestic dividend.
reports today that the Treasury will have to reconsider corporate taxation
if it is to remain competitive.
‘I think they will have to look at taxing foreign profits. If a foreign
company asked a tax adviser where it should locate in Europe, I don’t think he
would recommend the UK as a first choice,’ Ian Brimicombe, head of tax at
Last week Kraft Foods said it would follow Colgate-Palmolive and Procter and
Gamble to Switzerland and cited taxation as one of the reasons for its move.
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