We control tax and social security
“View Article We control tax and social security
by Eurealist on April 12, 2005 05:38PM (BST)
In other words the advocate General has said that Companies whose subsidiaries make a loss overseas, can put that loss against their profits in the this country, this will of course reduce their overall tax. The problem is that companies, whose subsidiaries make a profit overseas, cannot be taxed by the UK Treasury so, this one sided opinion would mean a constant flow away from the treasury.
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