All posts by Richard Taylor, Tax Lawyer, CMS

In the Autumn Budget, the Chancellor announced that legislation will be included in the Finance Bill 2017/18 (the “Finance Bill”) giving effect to the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the “Multilateral Instrument”). The Multilateral Instrument can be accessed here. The Multilateral Instrument implements aspects of … Continue reading Finance Bill 2017/18: the BEPS Multilateral Instrument

HM Treasury has published a position paper in respect of taxing the digital economy (available here) following the Chancellor’s Autumn Budget. The paper proposes that multinational groups’ profits should be taxed where value is generated. For example, a social media business generates value through users worldwide, but is only taxed where it is tax resident … Continue reading Taxing the Digital Economy: first steps by the UK