On February 2, 2016, Tax Executives Institute submitted comments with HM Revenue & Customs, the revenue authority in the United Kingdom, regarding a proposal in the UK government's Finance Bill 2016 to require certain large businesses with UK operations to publish a UK tax strategy. The Institute's comments recommend clarifying the definition of a "UK sub-group" and how multinational businesses that are not headquartered in the United Kingdom can comply with the publication requirement.
The comments were prepared under the aegis of TEI's European Direct Tax Committee, whose chair is Nick Hasenoehrl. Benjamin Shreck, TEI Tax Counsel, coordinated the development of the Institute's comments.
Committee
Topics