This Week's Report

KPMG Week in Tax: 8 – 12 April 2024

Highlights include:

  • United States: Proposed regulations would provide guidance on new 1% excise tax on repurchases of corporate stock
  • Australia: Legislation on interest limitation rules receives Royal Assent
  • Hong Kong: Draft legislation on proposed patent box regime
  • Netherlands: Proposed legislation to tax “carried interests” as ordinary income
  • United Kingdom: EC erred in finding illegal State aid based on controlled foreign company rules in isolation (CJEU Advocate General opinion)



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