|UK Holds Consultation on Controlled Foreign Companies Reform|
The Government is consulting on new Controlled Foreign Company (CFC) rules to be introduced in Finance Bill 2012. This forms part of the Government's plans to reform corporate tax, as set out in the Corporate Tax Road Map.
This consultation includes detailed proposals for how the new CFC regime will operate. They build on the CFC proposals included in the Corporate Tax reform: delivering a more competitive system document and the interim improvements introduced in Finance Bill 2011 to bring together the various changes into a modernized CFC regime.
The opinions expressed do not constitute investment advice and specialist advice should be sought about your specific circumstances.
Published on our website on July 12, 2011