Legal Developments: The quiet revolution
Marks & Spencer's failure to obtain tax relief against losses incurred in overseas branches has caused consternation among multinational companies hoping to take the same path. Guy Brannan and Gideon Sanitt report
It is unusual for the exotic world of tax litigation to hit the evening news, but the media coverage of the Marks & Spencer case that was heard on 1 February, and its reference by the High Court to the European Court of Justice (ECJ) shows that something unusual is afoot.
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