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’Base cost shift’ removed; taxation of managers’ rewards takes another hit.
The new tax-free allowance for interest distributions will change the savings landscape, and other developments.
The European Commission will hold parent companies jointly liable for the competition law infringements of their subsidiaries when the parent exercises a ‘decisive influence’ over the subsidiary.
London, some say, is a first-rate city trapped in a second-rate country, and its massive real-estate investment inflows are seen as the new (and long-term) ‘normal’.