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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
United Kingdom | Publication | februari 2023
Ahead of the Budget on March 15, 2023, the Institute for Fiscal Studies has published its Blueprint for a better tax treatment of pensions in which it proposes:
The thinking behind these changes takes into account the current tax treatment of pensions, which is “exempt-exempt-taxed”. Essentially, contributions are tax free, as are investment returns, then withdrawals in the form of pension income are taxed. However, NICs are generally subject to more generous treatment and are effectively “exempt-exempt-exempt” throughout the pension process.
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The IFS believes its proposals are more equitable. However, it remains to be seen whether the Government would be willing to shoulder the political cost of such radical tax changes.
A lesser measure that would be more palatable for the working population, particularly as the Government is encouraging people out of retirement and back to work, is the abolition of the money purchase annual allowance and the reinstatement of annual increases to the lifetime and annual allowances.
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Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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Artificial intelligence (AI) raises many intellectual property (IP) issues.
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