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The Upper Tribunal in the UK has dealt a blow to UK tax planning by confirming the view of the First-tier Tribunal and blocking a tax avoidance scheme employed by brewer Greene King, among others.

Because tax doesn’t have to be taxing.

George Osborne, the Chancellor of the Exchequer, has lost his appeal against a European financial transaction tax (FTT), but further challenges over the substantive issues are expected.

Jackie Hess

Guernsey is the first Crown Dependency to respond to the letter from David Cameron, UK Prime Minister, calling for a register of beneficial ownership information. The island nation is unlikely to support a register that is made publicly available, citing data privacy and human rights concerns as well as investment implications.

Vladimir Kotenko

Read this month's special features on Turkey and tax technology.

The French tax authorities are likely to step up their scrutiny of so-called non-cooperative states and territories (NCST) in the future. International groups and private-equity funds should examine their structures to see if any measures related to this year’s list of such jurisdictions will affect them.

The Portuguese corporate income tax (CIT) reform - approved in the last days of December - has the following four cornerstones: simplification, competitiveness, decrease of CIT rate and review of existing tax incentives or preferences. The new rules will be applicable to tax periods starting, or taxable events occurring, on or after January 1 2014.

A change in the final version of a document critical to compliance with the Foreign Account Tax Compliance Act (FATCA) will allow financial firms to choose which form of due diligence procedures to follow.