• Further UK Consultation Regarding Final Reform of Controlled Foreign Company Rules: UK Publishes Further Proposals for Reforming its Controlled Foreign Company ("CFC") Rules in 2012
  • March 1, 2011 | Authors: Emma Hardwick; Andrew Howard; Michael T. McGowan
  • Law Firms: Sullivan & Cromwell LLP - London Office ; Sullivan & Cromwell LLP - New York Office
  • The process of revising the UK CFC rules has been underway for about two years, given widespread dissatisfaction among taxpayers with the relative complexity and restrictiveness of those rules, as well as questions about whether the rules in their existing form are compatible with EU law.