CFC review
15 January 2010
On 5 January 2010 Treasury took a further step in the long-running process to reform the anti-tax-deferral regimes that relate to foreign source income by issuing a consultation paper directed at the high-level design of the new controlled foreign company (CFC) rules. The proposals in the consultation paper are further developed than in the past and so provide further insight into the likely shape of important aspects of the new rules. For our full Tax Brief - click here