Plans to reform the taxation of foreign profits in the UK could have an
adverse effect on inward investment, a group of US multinationals has warned.
The National Foreign Trade Council, which represents 300 US businesses with
operations abroad, has written to chancellor Alistair Darling arguing that some
measures the government is planning to adopt could ‘have the effect of
discouraging the inward investment from the US, which historically has been so
important to the UK economy’.
The FT reports that the main issues the US organisation is concerned
about are changes to taxes on property, intra-group treasury operations and
There are also fears for the onerous burden of compliance with some
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