Diverted profits tax and Divisia money: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Update links.)
 
imported>Doug Williamson
(Add See also and rearrange.)
 
Line 1: Line 1:
''UK tax - anti-avoidance''.
An index of [[broad money]] [[money supply]] growth usually published as year over year percentage change.  


(DPT).
Unlike other measures, it weights the growth of components by their ease of use in transactions - money's role as a medium of exchange. The calculation depends on the detailed definition and methodology followed by the country in which it is calculated.  


A UK tax applied at a rate of 25%.
The Bank of England, for example, calculates Divisia money as a weighted average of the growth rates of the UK [[M4]] component assets and publishes it regularly as part of Bankstats (Monetary & Financial Statistics).


The DPT applies to large multinational enterprises with business activities in the UK who enter into ‘contrived’ arrangements to divert profits from the UK by avoiding a UK taxable permanent establishment and/or by other ‘contrived’ arrangements between connected entities.
Divisia money measures are intended to be more suitable for use in near-term economic forecasting than the simple monetary aggregates.  




==See also==
== See also ==


* [[Base erosion and profit shifting]]
* [[Index]]
* [[Business in Europe: Framework for Income Taxation]]
* [[Corporation Tax]]
* [[Double taxation]]
* [[Financial Transaction Tax]]
* [[Permanent establishment]]
* [[Tax avoidance]]
* [[Transfer pricing]]




===Other links===
==Other links==
*  [http://dx.doi.org/10.1787/9789264202719-en Action Plan on Base Erosion and Profit Shifting, OECD Publishing, OECD 2013]


[[Category:Accounting,_tax_and_regulation]]
*  [http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/qb050103.pdf Discussion of Divisia money.]
 
[[Category:Planning_and_projects]]
[[Category:Context_of_treasury]]

Revision as of 16:43, 15 November 2017

An index of broad money money supply growth usually published as year over year percentage change.

Unlike other measures, it weights the growth of components by their ease of use in transactions - money's role as a medium of exchange. The calculation depends on the detailed definition and methodology followed by the country in which it is calculated.

The Bank of England, for example, calculates Divisia money as a weighted average of the growth rates of the UK M4 component assets and publishes it regularly as part of Bankstats (Monetary & Financial Statistics).

Divisia money measures are intended to be more suitable for use in near-term economic forecasting than the simple monetary aggregates.


See also


Other links

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Diverted_profits_tax&oldid=15726’