Group loss relief is a key tool used by taxing jurisdictions and companies to offset losses and encourage growth. But if group relief is to be a key method for business expansion, policies need to focus on bringing more subsidiaries under the group relief umbrella. By Abadan Jasmon and Dr Junaid M Shaikh, Multimedia University, Malaysia
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The OECD had previously missed a June 30 deadline to agree an MLC on amount A; in other news, UK corporation tax bills surged to a record high last year