Europe
The partnership model was looking antiquated even before the UK chancellor’s expected tax raid on LLPs was revealed. An additional tax burden may finally kill it off
The US’s GILTI regime will not be forced upon American multinationals in foreign jurisdictions, Bloomberg has reported; in other news, Ropes & Gray hired two tax partners from Linklaters
Overall revenues and average profit per partner also increased in the UK, the ‘big four’ firm revealed
Sector-specific business taxes, private equity tax treatment reform and changes to the taxation of non-residents are all on the cards for the UK, authors from Herbert Smith Freehills Kramer predict
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Sponsored by MDDPPoland: Clarified beneficial ownership rules and introduction of overseas investment fund exemptionsJustyna Bauta-Szostak and Gniewomir Parzyjagła of MDDP say the new guidance on withholding tax is a step forward for businesses operating across borders and overseas funds investing in Poland
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Sponsored by Morais Leitão, Galvão Teles, Soares da Silva & AssociadosRaquel Maurício of Morais Leitão, Galvão Teles, Soares da Silva & Associados examines recent Portuguese VAT changes aimed at urban rehabilitation and why legal uncertainties risk undermining the housing goals they aim to support
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Sponsored by KPMG SwedenMarie Hedin and Jennifer van der Gronden of KPMG Sweden analyse a ruling that challenges the Swedish Tax Agency’s approach to revaluing intragroup services where no comparable market exists
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European Jurisdictions