What now for foreign profits? | AccountingWEB

What now for foreign profits?

The government has announced in the Pre-Budget report that it will introduce changes to the taxation of the foreign profits of companies in the Finance Bill 2009, including the introduction of an exemption for foreign dividends, a cap on interest relief calculated by reference to worldwide debt and changes to the controlled foreign company (CFC) rules. The government will continue to consult on reform of other aspects of the CFC rules.


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