At no time in the past 50 years has the UK been a better place to do business. The coalition government that was formed in 2010 set out with the stated purpose of making the UK a more attractive place to do business and has radically reformed the UK corporate tax regime over the past four years. By and large, it has succeeded in its aim of making the jurisdiction a more attractive business location.
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Despite the relief, Brazil’s government has also presented a bill which seeks to re-impose a tax burden on companies’ payroll, one local tax specialist told ITR
While successful pillar two implementation will require collaboration across all units, a combination of internal and external tax advice is at the centre of the effort