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TAX AGREEMENT UK SWISS

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Formula name

TAX AGREEMENT UK SWISS

Description

Tax agreement UK-SWISS: regularising the past, one-off payment and clearance of tax liabilities

Syntax

tr_Rate =34
trmin_MinimumRate = 21
r_RateofReturn = 3
Error = CALL("UK ERROR",Error)
/*C10_CapitalStock_2012 = C8 + I_2011 + I_2012 + I9_10 - O9_10*/
Cr_RelevantCapital = 0
C8_1_2 = RND(1.2 * C8,2)
IF C10 < C8 Cr_RelevantCapital = C8 ENDIF
IF C10 >= C8 AND C10 <= C8_1_2 Cr_RelevantCapital = C10 ENDIF
Outflows = MIN(I9_10-O9_10,O1_8)
Appreciation=MAX(I_2011+I_2012,0)
IF C10 > C8_1_2 Cr_RelevantCapital = MAX(C8_1_2,(C8+Appreciation+Outflows)) ENDIF
C9f_NominalCapital = Cr_RelevantCapital + Cr_RelevantCapital * r_RateofReturn / 100
...

Notes

Agreement between the Swiss Confederation and the United Kingdom of Great Britain and Nothern Ireland on cooperation in the area of taxation.
Regularisation the past. Calculation of the possible one-off payment and clearance of tax liabilities.
Tax agreement see http://www.news.admin.ch/NSBSubscriber/message/attachments/24483.pdf
and http://www.hmrc.gov.uk/taxtreaties/swiss-uk-letters.pdf

Category / Subcategory

Banking and Finance / Taxes

Creator

pbrodmann@brodmann.biz

Account

Premium

Tags

one time withholding tax

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