The European Commission (EC) has opened investigations into whether decisions about corporation tax to be paid by Apple, Starbucks and Fiat complied with European Union (EU) rules on state aid.
The commission has been examining tax practices in several member states, following media reports alleging that some big businesses received significant reductions by way of rulings issued by national tax authorities. Decisions can involve state aid if they provide selective advantages to a specific company or group of companies.
Tax issues to consider on the incorporation of a general partnership
By Mark McLaughlin and Jackie Anderson; £95; paperback; 496 pages, Bloomsbury Professional
Next Distribution Ltd, Next Group plc, Paige Group Ltd v CRC, Upper Tribunal (Tax and Chancery Division)
A client trades through a limited company of which he is the sole director and employee. His wife owns 50% of the company’s shares. The client will attend a four-day skills update course in the US
The tax sector’s controversial new assurance standard is aiming to raise capital through the issue of shares.
Investors are being invited to put a minimum of £200 into the Fair Tax Mark (FTM), which is designed to encourage transparency by firms that pay corporation tax.
The FTM is registered with the Financial Services Authority as an industrial and provident society (IPS), categorising the standard is a not-for-profit organisation operating a business for the benefit of the community.
Ghelanis Superstore & Cash and Carry Ltd (TC3251)
A company owned by a father and daughter provides commercial loans and manages properties and collects rents. Activities include those carried out for family members and their businesses
A look at the National Audit Office report on the landscape of tax breaks
There is no evidence that the global corporate tax base is falling to pieces as the result of aggressive avoidance by multinationals, according to an academic study carried out on behalf of the Association of Chartered Certified Accountants (ACCA).
A company paid tax under CTA 2010, s 455 in respect of directors’ overdrawn loan accounts. The loans were repaid in full shortly before a liquidator was appointed in connection with a members’ voluntary liquidation
Download the Tolley Tax summary