Were it trying really hard to maximise its intragroup debt, you'd think Italian Coffee Holdings Ltd would pay for the losses surrendered to it from its holding company... ;)
I'm counting on #taxtwitter to get to the bottom of this today... Its not a satisfactory outcome for a bunch of smart ppl, all looking at same info, to end up lining up in mutually exclusive team positions -There has to be some level of objective reality ppl can agree on!https://twitter.com/DanNeidle/status/973217729632198658 …
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Yay! You are back in the coffee tax debates :)
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I’d be counting on the high likelihood of the HMRC to have reviewed this in the past with better data sets than we can obtain. The debt level appear have originated in the pre GFC days when ridiculous private equity deals were made. Maybe some back-to-back offshore, maybe not.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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