Post by Rosangela (Rosa) De Morais

"The potential benefit of the reform would be to facilitate claims by UK resident individuals for relief for non-UK taxes suffered in relation to income and gains received through reverse hybrid entities, against their UK taxes. Currently, many UK residents with interests in US LLCs (for example) struggle to obtain UK tax credit for the US taxes they suffer on a pass-through basis, suffering double taxation on what is in essence the same economic return." https://lnkd.in/enTfxatk