European Commission challenges the UK again
The EC has asked the UK to amend the law that levies an ‘exit tax’ on companies. The current law results in immediate taxation of unrealised capital gains in respect of certain assets when the place of effective management of a company is transferred outside the UK, whereas a similar transfer within the UK would not give rise to any tax charge.
It will be interesting to see what happens on this.
Date: 7th May, 2012
Articles from this Author
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
Growing team at Mercer & Hole lnkd.in/ewvrbsY
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole