The Bourne Agenda - Taking control. By Claire North
The Bourne Agenda is a fortnightly blog brought to you by Bourne Business Consulting LLP, an independent tax and business consultancy with offices in London and Farnham.
The government has been looking at the way that foreign profits are taxed for a number of years resulting in the draft foreign profits legislation released in December 2008 and should culminate in a new regime being introduced in the Finance Act 2009. In the meantime there were a number of changes, targeting anti-avoidance, announced in last year’s Budget which were enacted into the Finance Act 2008.