The Chartered Institute of Taxation (CIOT) has suggested that certain anti-avoidance provisions may be extended by the UK government to cover companies and trusts set up by non-domiciled individuals.
Multinational companies are continuing to move certain of their operations offshore and to ‘abuse’ transfer pricing and tax treaty rules to reduce their US taxes, according to a new report by the US Treasury, which has alerted Congress to three key international tax issues.
Free trade agreements have featured high on the agenda for the South Korean authorities this week, with announcements that the country plans to push for such deals with China and Russia, and discussion of the sticking points in negotiations with the United States.