Gibraltar is to contest an EU ruling that states it is part of the UK, and
can therefore not have a more favourable tax system, The Telegraph reports
The territory, where new FTSE100 gambling group PartyGaming is based, is to
take the European Commission to court to contest the EC’s suggestion that lower
rates of corporation tax in the territory constitute state aid, as it is part of
The territory has British sovereignty, but is not part of the union of the
UK, and believes it can thus have its own tax system.
Changes to its tax laws recently reduced its effective overall tax rates for
all companies to less than 10%.
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