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1. Key Attractions of the UK for Business and Tax Planning:
Non-Tax Haven Status: The UK’s positioning as a legitimate and reputable jurisdiction for business is a significant advantage. This status is beneficial for companies looking to avoid the stigma associated with tax haven countries.
Legal System: The UK’s legal system, particularly the Companies Act 2006, offers a robust and transparent framework for corporate governance, crucial for international investors and stakeholders.
Cost-Effectiveness: The cost of setting up a company in the UK remains relatively low. This is particularly advantageous for start-ups and SMEs looking to establish a presence in a reputable jurisdiction without substantial initial outlay.
Tax Treaty Network: The UK’s network of double taxation agreements is one of the most extensive globally. These treaties, listed on the HMRC website, facilitate cross-border trade by preventing double taxation of the same income in two different jurisdictions.
2.Impact of Brexit on Tax Planning:
Post-Brexit, the UK’s departure from the EU necessitates a revaluation of structures, particularly for businesses with significant EU operations. However, it opens opportunities for new trade agreements and tax treaties outside the EU framework.
3. Traditional and Contemporary UK Tax Structures:
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