All Online only articles – Page 260
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CFC proposals a "key step" for insurers
The Treasury’s proposals for reforming the way UK-based companies’ foreign profits are taxed are a “key step forward for the insurance sector, particularly the London market,” PwC has said.Companies will no longer be taxed on profits arising from economic activities genuinely undertaken offshore, in a shake-up of the Controlled Foreign ...
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Straw: referral fees are 'parasites'
Jack Straw has branded the referral fee system as a “parasite” on motor insurance industry. Speaking in yesterday’s first House of Commons debate on the Legal Aid, Sentencing and Punishment of Offenders Bill, the ex-justice secretary said that since he called for a ban on the controversial practice earlier this ...
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Treasury unveils new foreign profits tax rules
The Treasury has published its proposals for reforming the way UK-based companies’ foreign profits are taxed. Under a shake-up of the Controlled Foreign Company rules, announced today, companies will no longer be taxed on profits arising from economic activities genuinely undertaken offshore. The proposed regime also exempts foreign profits where ...
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Daily briefing: Wednesday - Referral fees debate heads to Whitehall
The fate of the controversial payments will rest in the hands of the politicians