Corporate Taxes, Profits

Further Changes to the Energy (Oil and Gas) Profits Levy Announced

BCLP on 7/31/2024

The UK government has announced further changes to the Energy (Oil and Gas) Profits Levy, increasing the rate to 38%, extending the period to which it applies to 31 March 2030 and removing the “unjustifiably generous” main...more

Exxon’s Attempt to Create New Sale/Lease Tax Law Fails

Gray Reed on 11/9/2022

The principal contention in the tax refund case of Exxon v. United States was whether certain mineral related transactions between Exxon and the countries of Qatar and Malaysia were sales or leases. Originally Exxon treated...more

Ending Corporate Greed Act & Build Back Better Act – Two Proposals for Increasing Revenue

Gray Reed on 4/20/2022

On March 25, 2022, Senator Bernie Sanders (I-VT) introduced a new bill, “Ending Corporate Greed Act”, which coincides close in time with the release of Treasury’s Green Book, “General Explanations of the Administration’s...more

Establishing and Managing a Business in the UK 2022

Pillsbury Winthrop Shaw Pittman LLP on 3/9/2022

Overseas investors are welcome in the UK. Save as set out below, there are no specific laws prohibiting foreign investment in the UK nor are there any business requirements for UK participation in the ownership or management...more

Tech Tax and the OECD: it’s as easy as A, B, C

Hogan Lovells on 12/2/2019

What is it about? OECD proposals to tax the digital economy which will significantly impact all large tech companies that are consumer oriented. What will the impact be? Businesses will pay more tax. Impact on cash-flow,...more

Use of Estonia in U.S. International Tax Planning

Bilzin Sumberg on 8/24/2015

According to recent estimates, Estonia, which is situated halfway between Stockholm and St. Petersburg, currently has more than 350 start-up technology companies – one for every 3,700 citizens – and the government expects...more