Taxation of Foreign Profits 2009 - 2010

Taxation of Foreign Profits 2009-2010 deals with the most extensive changes to UK law on taxation of foreign income in over 50 years.

This new title provides timely and authoritative interpretation of the new 2009 rules addressing the taxation of Foreign Profits earned by UK companies and their subsidiaries and other significant changes affecting companies with cross-border investments.

A high profile and expert team of authors lead by General Editor Philip Baker QC with Consultant Editor Diane Hay explain the core issues stemming from the most extensive changes to UK law on the taxation of foreign income in over 50 years, and show how these rules will apply with examples of their practical application.

Contents include coverage on:-

• Dividend Exemption
• Worldwide Debt Cap (with dedicated sections on the impact for both the Banking and Insurance Industries)
• Reporting of Worldwide Transactions
• Controlled Foreign Company Rules: Future Reform
• The Wider Context: the impact of Double Taxation Conventions (DTCs) and of EC Law

Chapters are structured to identify key issues in the interpretation and application of the new legislation, with a discussion of possible solutions. Each chapter contains practical examples of the impact of the new rules.