This content is from: United Kingdom

UK backing of OECD’s BEPS project hints at weakening stance on interest deductions

The Treasury recently announced its support for a planned revamp of global tax rules which it warned would not always result in increased UK revenues or taxing rights. This has led many in the tax industry to worry about the pressure the OECD is placing on the UK to tighten its tax regime in ways that could undermine foreign investment in the country.

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