EU investigates UK controlled foreign company rules
Posted by mostafa on 31 October, 2017
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This item was filled under Tax
The European Commission is scrutinising the UK’s controlled foreign company (CFC) rules to check whether exemptions allow multinationals to pay less UK tax, in breach of EU state aid rules.
The regime prevents UK companies using a subsidiary based in a low or no tax jurisdiction to avoid UK tax. It allows HMRC to …