Tax & Globalisation
HM Treasury recently held a meeting of the multinational tax forum to discuss how the UK tax system could aid multinationals. The forum was established by the Chancellor last year and seeks to find ways to create a tax system that values long-term certainty and remains globally competitive.
The latest meeting on 16 February 2009 summarised the Government’s existing approach and included the publication of a number of papers on the HM Treasury website:
– An update on the foreign profits reforms
– The Global economic downturn and fiscal stimulation packages
– The role of tax in influencing competitiveness and Budget 2010 planning
– Controlled foreign profits review
– Controlled foreign companies review
The forum also set out a list of topics for discussion over the forum’s next three meetings. These topics include the role of intangible assets, controlled foreign companies and the process for making tax policy.