Revamping the tax regime
The new UK tax regime on controlled foreign companies (CFCs) began on 1 January 2013. The government is aiming to create the most competitive corporate tax regime in the G20 and to attract multinationals to the UK to bolster the economic recovery. Junior natural resource companies are likely beneficiaries of the revamped tax system, writes Priscilla Ross.
Article details
Journal title: Petroleum Review
Publisher: Energy Institute
Keywords: Finance - Global market
Subjects: Professional services, Banking, finance and investment, Policy and Governance, Taxation