TaxCorporate TaxFears grow of pan-European interest relief cuts

Fears grow of pan-European interest relief cuts

German moves spark fears of general cuts to basic principle of European corporate tax

Private equity groups are worried that German moves to limit interest relief
on profits will spread elsewhere in Europe.

The German government has
introduced
rules
to limit the use of interest to offset corporation tax bills.

The FT reported Javier Echarri, general secretary of the
European Private Equity and Venture Captial
Association
saying: We’re concerned that this might become a pan-European
phenomenon.’

The UK is pondering
various
changes
to interest relief rules at present, including proposals to limit
it.

Further reading:

Tax
Hack

Germany
moves to cut interest relief

EVCA website

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

2m Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

2m Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

4m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

4m Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

5m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

8m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

8m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

8m Alia Shoaib, Reporter