See Senior Accounting Officer and tax strategy publication in the Tax administration section for further details. Controlled foreign companies (CFCs) Under the CFC regime, a UK resident company may be taxed on a proportion of the profits of certain UK-controlled, non-resident companies in which ...
Finance had always been the weakness of the French monarchy: tax collection was costly and inefficient; direct taxes dwindled as they passed through the hands of many intermediate officials; and indirect taxes were collected by private contractors called tax farmers who made a handsome profit. The...