News regs for controlled foreign companies
Posted by mostafa on 29 October, 2012
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This item was filled under Tax
Further regulations concerning controlled foreign companies (CFCs) have been published by the Treasury.
The first set ensure the debt cap mechanisms for reducing or eliminating a corporation tax charge can be applied, in appropriate circumstances, to a CFC charge by making sure the latter charge can be included as part of the allocated amount within the debt cap rules.