Open For Business - The Start Of A New Era?

Mondaq Business BriefingUnited Kingdom Law Articles in English (2011)

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Open For Business - The Start Of A New Era?

In the tale of tax law, today may come to be seen as the start of a new era. In the March Budget consultation documents on residence and domicile were promised, and were published today.

A key announcement in the Budget was a proposal to remove any remittance charge for offshore income and gains used for commercial investment in the UK. At the time this was interesting but lacking in detail. The detail has been provided today and certainly indicates that this is a genuine move to make the UK mor...

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