Functional currency of investment companies: draft Finance Bill 2011 clauses | Practical Law
https://content.next.westlaw.com/practical-law/document/I0ea208ffe84e11e398db8b09b4f043e0/Functional-currency-of-investment-companies-draft-Finance-Bill-2011-clauses?viewType=FullText&transitionType=Default&contextData=(sc.Default)
The government published draft legislation that stops companies with investment business avoiding tax by changing their functional currency and allows them to choose, prospectively, a functional currency for tax purposes on 9 December 2010.
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Functional currency of investment companies: draft Finance Bill 2011 clauses
Practical Law UK Legal Update 5-504-2120
(Approx. 6 pages)
Functional currency of investment companies: draft Finance Bill 2011 clauses
by PLC Tax
Related Content
Published on 14 Dec 2010
•
England,
Wales
The government published draft legislation that stops companies with investment business avoiding tax by changing their functional currency and allows them to choose, prospectively, a functional currency for tax purposes on 9 December 2010.