UK: Double Taxation Treaties (Developing Countries) Bill 2016-17

Posted on Updated on

On 20 January 2017, The Double Taxation Treaties (Developing Countries) Bill 2016-17 is expected to resume its second reading debate. The Bill places a duty on the Chancellor of the Exchequer to align the results of double tax treaties with developing countries with the objective of the UK’s overseas development aid programme for decreasing poverty and to report to Parliament thereon; and for connected reasons. The Chancellor must have regard to the consequence of the rates of withholding tax and capital gains tax and the amount of profit tax that the developing country would be able to collect.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s