21 July 2008
Review of the Taxation of Foreign profits
The Government has issued an open letter and technical note on the Review of the Taxation of Foreign Profits. It is now seeking to engage with stakeholders on the specific policy issues raised and the fiscal risks associated with a dividend exemption.
- Update on Review of Taxation of Foreign Profits: Letter to CBI (PDF 638KB)
- Update on Review of Taxation of Foreign Profits: Letter to 100 Group of Finance Directors (PDF 650KB)
- Letter from the Confederation of British Industry (PDF 831KB)
- Letter from the Hundred Group of Finance Directors (PDF 57.8KB)
- Update on Review of Taxation of Foreign Profits: Technical note (PDF 28.9KB)
If you have any questions please send them to Megan.McInally@hm-treasury.x.gsi.gov.uk.
Taxation of the foreign profits of companies: a discussion document
Budget 2007 announced a major set of reforms to modernise the domestic corporation tax base, marking a further milestone in the Government's objective to maintain a competitive tax system for business. Alongside domestic reform, the Government also committed to consult on reforming the taxation of foreign profits.
In the light of that commitment, this document sets out a package of proposals for modernising and creating a more straightforward regime for taxing foreign profits. The Government wishes to discuss this with business, in order to develop more detailed proposals for further consultation.
Presentations from London plenary events
Slides from the presentations delivered at the plenary events held in London.
- Foreign Profits Discussion: Overview (PDF, 92KB)
- Foreign Profits Discussion: Package (PDF, 128KB)
- Foreign Profits Discussion: Process (PDF, 92KB)
Module meeting summaries
Records of the issues discussed at the module meetings.
- Module 1: Dividends, Controlled Companies, and Treasury Consents 24/07/07 (PDF, 32KB)
- Module 2: Portfolio dividends 26/07/07 (PDF, 24KB)
- Module 3: Interest meeting 01/08/07 (PDF, 19.1KB)
- Module 4: Small business 02/08/07 (PDF, 28 KB)
- Module 5: Insurance meeting 04/09/07 (PDF, 21.7KB)
- Module 6: Active Finance 11/09/07 (PDF, 32KB)
- Module 7: Admin burdens 14/09/07 (PDF, 36KB)
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