2007 Budget Report (21 March 2007) and Finance Bill 2007 (published on 29 March 2007)

The 2007 Budget Report and the Finance Bill which followed shortly thereafter contain aspects of the proposed UK Government response to decisions of the ECJ, especially in the areas of controlled foreign companies (CFCs) (following Cadbury Schweppes plc v Inland Revenue Commissioners (Case C-196/04)) and taxation of foreign dividends (following FII Group Litigation v Commissioners of Inland Revenue (Case C-466/04)).

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