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Research output: Contribution to Journal/Magazine › Journal article
Research output: Contribution to Journal/Magazine › Journal article
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TY - JOUR
T1 - The UK's diverted profits tax
T2 - an admission of defeat or a pre-emptive strike?
AU - Picciotto, Sol
PY - 2015/1/19
Y1 - 2015/1/19
N2 - The author explains the draft legislation for the U.K.’s proposed diverted profits tax and analyzes the relationship of the provisions to the reforms under negotiation through the BEPS process of the G-20 and OECD. Although the official U.K. position is that the proposals are not out of line, they clearly go beyond what has been proposed so far in the BEPS project. Hence, they seem to be either an admissionthat international agreement will not be reached that would satisfy U.K. concerns oran attempt to put pressure on the negotiators to do so.
AB - The author explains the draft legislation for the U.K.’s proposed diverted profits tax and analyzes the relationship of the provisions to the reforms under negotiation through the BEPS process of the G-20 and OECD. Although the official U.K. position is that the proposals are not out of line, they clearly go beyond what has been proposed so far in the BEPS project. Hence, they seem to be either an admissionthat international agreement will not be reached that would satisfy U.K. concerns oran attempt to put pressure on the negotiators to do so.
KW - international corporate tax
M3 - Journal article
VL - 77
SP - 239
EP - 242
JO - Tax Notes International
JF - Tax Notes International
SN - 1058-3971
IS - 3
ER -