Why British Companies Are Still Losing Out Over Eu Tax Regime ; Legal&Finance Midlands Businesses That Are Facing Tumultuous Times On the Stock Market Have Additional Burdens to Bear On Cross Border Transactions, Says Phil Warner, International Tax Director at Rsm Bentley Jennison in Birmingham.

Summary

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The worst thing about sitting in a traffic jam is the uncertainty, not knowing for how long you'll be road-wrecked, while your international competitors glide down their easy-flow motorways gaining access to your customers effortlessly.

Such is the sad state of affairs with the UK's international tax regime that we are experiencing the mother of all traffic jams. Why the jam? Because the European Court of Justice (ECJ) keeps handing down tax case decisions that effectively tell the UK to drive on the right in accordance with European Law.

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Extract

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Why British Companies Are Still Losing Out Over Eu Tax Regime ; Legal&Finance Midlands Businesses That Are Facing Tumultuous Times On the Stock Market Have Additional Burdens to Bear On Cross Border Transactions, Says Phil Warner, International Tax Director at Rsm Bentley Jennison in Birmingham.

The UK's line (from the Government and HM Revenue and Customs) is that under domestic tax law we drive on th...

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