Hidden tax perils for business debt refinancing

As the Covid-19 crisis forces more businesses to raise funds and take on more debt, MHA MacIntyre Hudson’s Chris Denning analyses the possible tax pitfalls of corporate refinancing

The current pandemic crisis has brought with it significant economic uncertainties for many businesses with certain sectors, requiring the government to act swiftly at the outset by introducing funding measures - including a number of loan based schemes and the coronavirus future fund, to help mitigate some of the financial impact.

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