Tax & Accounting Blog

U.K. Issues Draft Updated Guidance on Corporate Interest Restriction

U.K. Issues Draft Updated Guidance on Corporate Interest Restriction

On March 31, 2017, the U.K. HM Revenue & Customs (HMRC) issued draft updated guidance on corporate interest restriction. The rules are contained within Part 10 of Taxation (International and Other Provisions) Act 2010. The corporate interest restriction will have effect from April 1, 2017, and all periods of account of … Read More

Will the Wave of Protectionism Make International Trade Great Again?

Will the Wave of Protectionism Make International Trade Great Again?

Unquestionably, international trade flows have exploded throughout the century.  Countries have been using the global transaction of goods as a main source to obtain foreign exchange. A main objective for countries is to maintain a favorable trade balance. To achieve this objective, most countries take the position to export as much as possible and import … Read More