CONTENTS
Terms of Reference
Abstract
Chapter 1: Introduction
Chapter 2: The New Approach to Tax Policy
Making
The Tax Policy Making Consultation
The Treasury Committee's Principles of Tax
Policy
The Tax Consultation Framework
The New Approach in Principle
Finance Bill 2011
Disguised Remuneration
Flexibility and Changes to Oil and Gas Taxation
The 2011 Finance Bill as a Whole
Delivering the New Approach
Embedding the New Approach to Tax Policy
Making
Delivery: Tax and Policy Skills and Responsibilities
Delivery: Administering Tax Changes
Delivery: Widening Consultation with Smaller
Businesses and Individuals
Delivery: Consulting on Tax Information and
Impact Notes
Extending the Scope of the New Approach
Post-implementation Review
Outlining the Government's Tax Strategy
Enhancing Parliamentary Scrutiny of Tax Legislation
Chapter 3: Anti-Avoidance with Special Reference
to Disguised Remuneration
The Government's Anti-Avoidance Strategy
Finance Bill Measures
Anti-Avoidance: The Government's Strategy
Tackling Avoidance Early
General
Disguised Remuneration: The Cost of Not Tackling
it Early
Tackling Avoidance Effectively
General
The Effectiveness of the Disguised Remuneration
Legislation
The Primarolo Statement
Principles-Based Drafting
A General Anti-Avoidance Rule (GAAR)
Evasion
Chapter 4: Corporate Tax Reform
CT Road Map and the Move Towards Territoriality
The Main Elements of the CT Reform Package
The Balance Between the Elements of the Package
Reform of the CFC Rules
Reform of IP/Introduction of Patent Box
Foreign Branch Taxation
Overall
Implications for Growth and Tax Competitiveness
Chapter 5: Conclusions and Recommendations
Appendix 1: The Finance Bill Sub-Committee
Appendix 2: List of Witnesses
NOTE:
Evidence is published online at http://www.parliament.uk/hlfinancebill
and available for inspection at the Parliamentary Archives (020
7219 5314)
References in footnotes to the Report are as follows:
Q refers to a question in oral evidence;
FBSC 1 refers to written evidence as listed in
Appendix 2.
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