UK Draft Finance Bill 2012 includes CFC Reform

European Tax Newsalert

On December 6, 2011, the UK government published draft legislation which proposes to fully reform the UK’s CFC regime, thereby transforming the UK tax landscape. Both UK multinational companies and inward investors should welcome this package. Various details are still under consideration, so please consider the proposals so that you can participate in this consultation and prepare for the changes ahead. The consultation period closes on February 10, 2012.

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