The United Kingdom's anti-tax optimisation rules, referred to as the 'rules on controlled foreign companies', are believed to contain exemptions that run counter to EU rules on state aid.
These rules, currently in place in 19 EU countries, allow member states in which the parent company of a business is headquartered to reallocate to itself, and therefore tax, the profits this parent places into a controlled foreign company (CFC) in a low-tax country.
On Thursday 26 October, the European...