AccountingWEB contributing editor Richard Murphy considers the future of corporation tax in the light of recent developments in Europe.
These are interesting times for those involved with international tax.
First there was Advocate General's Opinion in the Marks & Spencer group relief case, and now guidance on the way in which the Halifax etc. VAT case might go.
But the interest is not just in the detail of these cases, fun though there is to be had there. At a policy level these issues, and especially the M&S case, leave many questions in need of answers.
That the Advocate General has found broadly in favour of M&S is no great surprise to anyone given the...