Changes to UK controlled foreign company legislation

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

Changes to UK controlled foreign company legislation

April 30 2012

UK controlled foreign company (CFC) rules are going through a period of change. The government is trying to develop EC compliant legislation that achieves the twin objectives of minimising tax leakage through avoidance, while not being perceived as a barrier to business, so allowing the UK to remain commercially competitive, explains Ross Welland, tax partner at Haines Watts.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login

Topics

FeatureITR MagazineMay 2012
more across site & shared bottom lb ros

More from across our site

Direct Tax
Newspapers
A taxing week: Why tax is now front-page news
Firms are spending serious money to expand their tax advisory practices internationally – this proves that the tax practice is no mere sideshow
Tom Baker, October 17 2025
Direct Tax
OECD
This week in tax: OECD aiming for US side-by-side pillar two agreement this year
The controversial deal would ‘preserve the gains achieved under pillar two’, the OECD said; in other news, HMRC outlined its approach to dealing with ‘harmful’ tax advisers
Sam Sholli, October 17 2025
Direct Tax
Stuttgart, Germany - 06-19-2022: Cellphone with logo of American consulting company Alvarez and Marsal LLC on screen in front of website. Focus on center-right of phone display.
A&M launches in Japan with three ex-‘big four’ tax hires
Former EY and Deloitte tax specialists will staff the new operation, which provides the firm with new offices in Tokyo and Osaka
Sam Sholli, October 16 2025
Transfer Pricing
West
TP challenges in West and Central Africa
TP is a growing priority for West and Central African tax authorities, writes Winnie Maliko, but enforcement remains inconsistent, and data limitations persist
Winnie Maliko, October 16 2025
Direct Tax
hmrc.jpg
HMRC launches expert panel to better R&D tax relief system
The UK tax agency has appointed six independent industry specialists to the panel
Sam Sholli, October 15 2025
Direct Tax
London
White & Case poaches Paul Hastings tax duo in London
The two tax partners have significant experience and expertise in transactional and tax structuring matters
Sam Sholli, October 15 2025
Direct Tax
JamesAndersenPillar2.JPG
Skadden ‘reimagining the UK tax department’ with Goodwin Procter hire
Katie Leah’s arrival marks a significant step in Skadden’s ambition to build a specialised, 10-partner London tax team by 2030, the firm’s European tax head tells ITR
Tom Baker, October 15 2025
Direct Tax
Tom Shave.jpg
Becoming 'the firm of choice': Ryan president on Dhruva investment
Increasingly, clients are looking for different advisers to the established players, Ryan’s president for European and Asia Pacific operations tells ITR
Sam Sholli, October 14 2025
Direct Tax
luxembourg-1164656.jpg
Luxembourg investment carve-out brings clarity to the market, advisers say
Using tax to enhance its standing as a funds location is behind Luxembourg’s measures aimed at clarifying ATAD 2 and making its carried interest regime more attractive
Ralph Cunningham, October 13 2025
Direct Tax
Fair tax
A taxing week: Why tax isn’t boring
Encompassing everything from international scandals to seismic political events, it’s a privilege to cover the intriguing world of tax
Sam Sholli, October 10 2025
Gift this article