& Copthorne will post a £5m deferred tax expense in its next
interims after changes to New Zealand’s tax rules.
Changes introduced in New Zealand’s May Budget, including a reduction in the
corporation tax rate from 30% to 28%, and removing the ability to depreciate
buildings for tax purposes, will lead to the expense.
Its New Zealand company will take on an increase of $26m (£16.7m) in its
deferred tax liability, pushing the subsidiary into an after-tax loss for the
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