UK debt-for-equity swaps to become taxable under HMRC proposal

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UK debt-for-equity swaps to become taxable under HMRC proposal

Matthew Gilleard
June 10 2013
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The UK tax authority has published a consultation paper to seek stakeholder feedback on its proposals to modernise the taxation of corporate debt and derivative contracts. But the paper also features a proposal that could end companies’ ability to perform tax-free debt-for-equity swaps.

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