Worldwide interest cap: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Categorise.) |
imported>Doug Williamson (Update links.) |
||
| Line 10: | Line 10: | ||
==See also== | ==See also== | ||
* [[Base erosion and profit shifting]] | * [[Base erosion and profit shifting]] | ||
* [[Business in Europe: Framework for Income Taxation]] | |||
* [[CbC reporting]] | * [[CbC reporting]] | ||
* [[Corporate Interest Restriction]] | * [[Corporate Interest Restriction]] | ||
* [[Fixed ratio method]] | * [[Fixed ratio method]] | ||
Latest revision as of 16:05, 21 February 2022
Tax - anti-avoidance.
A recommendation of the OECD's Base erosion and profit shifting (BEPS) initiative.
A worldwide interest cap limits corporate tax relief for interest and amounts economically equivalent to interest.
The UK implemented a restriction accordingly with effect from April 2017, under its Corporate Interest Restriction.
