United Kingdom
New rules require businesses with large UK operations to publish tax strategy on internet
Sandy Bhogal and Kitty Swanson, of Mayer Brown, London, discuss the details of new UK rules that require large businesses to publish a tax strategy on the internet, noting several concerns with the provision . . .
EU Commission publishes decision to extend Gibraltar state aid probe to tax rulings
The European Commission has published a non confidential version of its decision to open an investigation into whether Gibraltar’s tax ruling practice violates . . .
Singapore and UK tax authorities agree to automatic exchange of financial account information
The Inland Revenue Authority of Singapore has announced that Singapore and the United Kingdom have signed a competent authority agreement establishing . . .
OECD releases 28 comments to draft on tax treaty residence of pension funds
The OECD on April 6 released public comments to a discussion draft intended to clarify the tax treaty residence of pension funds. The discussion draft, part of follow-up work . . .
New UK law allows government to introduce public country-by-country reporting by multinationals
UK tax professional, Tim Law, discusses the implications of a law passed yesterday that gives the government power to require public country-by-country reporting by multinationals . . .
UK budget 2017 tax proposals tweak rules on interest deductibility, loss relief, hybrid mismatches
Julian Feiner of Dentons, London, discusses the tax proposals in the UK budget, delivered today, which include proposed revisions to interest deductibility, loss relief, and hybrid mismatch rules . . .
UK agrees to terminate Swiss withholding tax arrangement
Switzerland and the UK will terminate their 2013 withholding tax agreement as of January 1, 2017, under a deal struck . . .