January 3, 2012
Litigation watch: UK partners pressed for profits
By Christopher Elias (UK)
A leading tax decision of the English Court of Appeal clarified the treatment of monies paid between partners to conclude that profit distributions disguised as fee rebates will qualify as taxable and that rebates were not deductable as expenses of the partnership…
If you already have a OnePass account, you can use it to access Business Law Currents as part of our free trial
program. If you don’t have a OnePass account, click on the link to the left to create one. You can then use this
OnePass account to access Business Law Currents as part of our free trial.