Worldwide interest cap: Difference between revisions
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Revision as of 10:19, 2 May 2018
Tax - anti-avoidance.
A recommendation of the OECD's Base erosion and profit shifting (BEPS) initiative.
A worldwide interest cap limits corporate tax relief for interest and amounts economically equivalent to interest.
The UK implemented a restriction accordingly with effect from April 2017, under its Corporate Interest Restriction.
