The month in tax

Louise Palmer and Clare Bouwer, Linklaters LLP

Louise Palmer and Clare Bouwer of Linklaters LLP summarise recent developments that may be of interest to FITAR readers.

General

Update on review of taxation of foreign profits

HM Treasury has provided an update on the status of its discussions with stakeholders on the review of the taxation of foreign profits. This follows on from the open letter and technical note issued by the Government in July and the Government’s commitment to engage with business on the various aspects of the review.