HMRC Pushes Bigger Appeal In Foreign Unit Dividend Fight

Law360, London (June 27, 2019, 5:33 PM BST) -- HM Revenue and Customs urged the U.K.'s highest court on Thursday to expand its appeal in a long-running test case brought by multinational corporations alleging the authority overtaxed dividends paid by their foreign subsidiaries.

HM Revenue and Customs have asked the U.K. Supreme Court to determine additional outstanding issues in what is known as the Franked Investment Income Group Litigation. (Getty Images) Although the U.K. Supreme Court has already granted permission for HMRC to appeal certain parts of two judgments from the lower courts that found the agency liable for corporate tax that was levied in violation of EU law, the tax authority appeared...

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