HMRC wins LLC transparency decision

August 10, 2011

The UK Upper Tier Tribunal on August 3 reversed a controversial lower court opinion and found that a Delaware limited liability company (LLC) is not transparent for UK tax purposes.

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HMRC wins LLC transparency decision

The UK Upper Tier Tribunal on August 3 reversed a controversial lower court opinion and found that a Delaware limited liability company (LLC) is not transparent for UK tax purposes.

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