This case concerns the UK’s legislation on Controlled Foreign Corporations or CFCs. This legislation provides that, under certain conditions, a resident company can be taxed on the profits of a foreign subsidiary as they arise. The conditions are: - the CFC is a foreign company in which the resident company owns a holding of more […]
In his opinion of May 2, 2006 on the Cadbury Schweppes case (C-196/04), Advocate General Léger advised against the compatibility of British Controlled Foreign Company (CFC) legislation with the right of establishment of Article 43 EC Treaty.
CFC legislation applies when the profits made by a foreign group company controlled by a resident company are subject […]
The Finance Bill introduces a steep tax increase for with-profit funds.
A loophole by which CD’s and DVD’s imported via Jersey could be sold without VAT will be closed.
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