In the last few years, the UK has adopted a fiercely competitive business tax policy by reducing the general tax burden on business and by expanding individual regimes targeted to mobile factors: CFC rules, interest deductibility rules and the Patent Box have made the UK very attractive for...

This note is a response to the consultation on the corporate interest expense, published by HM Treasury on October 22, 2015. It reflects the views of the named authors, rather than the Oxford University Centre for Business Taxation, which has no corporate views. Our aim is to address the big...