
The Finance Bill 2012 Draft Clauses, published on 6 December 2011, contain few surprises. But they do provide important developments on some key topics, including controlled foreign company (“CFC”) reform, the new Patent Box regime, and important changes to the taxation of non-domiciles.
Download: Finance Bill 2012 Draft Clauses - KPMG Report (PDF 480 KB), which provides our view on over a dozen of the key areas, plus a listing, with relevant links, of all the measures included.