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Eversheds comment: Gibraltar probe a timely reminder of existing tax planning rules

  • United Kingdom

    16-10-2013

    Commenting after the EU launched a probe into Gibraltar's corporate tax regime, Ben Jones, tax expert at global law firm Eversheds, says:

    "For countries within the EU, State Aid rules provide an additional restriction on the introduction of domestic tax rules that may increase the tax competitiveness of a country. Gibraltar itself has had its tax system challenged through this system a number a times. Although seemingly not specifically connected to the wider international movement to tackle international corporate tax planning, this probe serves as a timely reminder of the powers currently available to tackle potentially abusive planning."

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