Finance (No. 2) Act 2023
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
139 Profits adjusted to be profits before consolidation adjustments to eliminate intragroup transactions
(1) The underlying profits of a member of a multinational group are to be adjusted so that they include income, expenses, gains and losses arising from transactions between that member and other members of that group. (2) Subsection (1) is subject to— (a) section 137 (amounts outside profit and loss excluded), and (b) section 164 (where an election is made under that section to exclude profits from intra-group transactions).
139 Profits adjusted to be profits before consolidation adjustments to eliminate intragroup transactions
(1) The underlying profits of a member of a multinational group are to be adjusted so that they include income, expenses, gains and losses arising from transactions between that member and other members of that group. (2) Subsection (1) is subject to— (a) section 137 (amounts outside profit and loss excluded), and (b) section 164 (where an election is made under that section to exclude profits from intra-group transactions).
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.