Earlier today the UK government delivered its last budget before the UK general election in May. Many of the measures were, as one might expect so close to an election, focused on personal rather than corporate taxation....more
As we enter the run-up to the General Election in May, private equity funds and their managers might want to consider what the possible tax implications of a new Government might be both for the managers of their portfolio...more
EU WITHDRAWS INVESTIGATION -
Many countries in Europe, including the UK, The Netherlands, Belgium, Luxembourg, Spain, France and Hungary have special tax regimes for profits derived from specific types of intellectual...more
BACKGROUND AND INTRODUCTION -
The UK Government has announced the introduction of the Diverted Profits Tax (or 'DPT') - a new tax which will have effect from 1 April 2015. The tax is intended to target two types of...more
A SWIFT LOOK AT OECD’S DISCUSSION DRAFTS ON BEPS PLUS ONE CHART SETTING OUT TIMELINES -
During the short days before Christmas, when most of us were busy closing transactions or making last-minute year-end reviews to...more
UK WILL IMPOSE CAPITAL GAINS TAX ON NON-UK RESIDENTS -
The UK government aims to go ahead with plans to impose capital gains tax on sales of residential property from April 2015.
The government has published...more
The UK Government intends to introduce a 25% “diverted profits tax” (DPT) from 1 April 2015.
The tax is designed to catch the artificial erosion of the UK corporate tax base by multi-nationals that avoid establishing a...more
Yesterday, the Chancellor of the Exchequer delivered the UK 2014 Autumn Statement. Below we summarise some of the main announcements:
Taxation of multi-nationals -
Diverted profits tax (aka the "Google tax")...more
CAYMAN ISLANDS AND US SIGN FATCA AGREEMENT -
The United States and the Cayman Islands have signed a so-called Model 1 intergovernmental agreement.
The IGA is the first step in bring the Cayman fund industry...more
COLOMBIA ISSUES TAX HAVENS LIST: 4 THINGS TO NOTE FOR THOSE DOING BUSINESS IN COLOMBIA -
Colombia has issued its list of tax havens – an act that will negatively impact the tax effects of doing business in Colombia...more