An assertion from an academic who has advised David Cameron, the UK Prime Minister, that tax avoidance is "disgusting" and should be discouraged, a plea from a finance director for more cooperative compliance and a warning that the failure of the BEPS project could lead to a series of unilateral actions on cross-border tax rules, made for a lively debate at the tax competition and cooperation conference convened by the Lord Mayor of London on Wednesday.
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Despite the relief, Brazil’s government has also presented a bill which seeks to re-impose a tax burden on companies’ payroll, one local tax specialist told ITR
While successful pillar two implementation will require collaboration across all units, a combination of internal and external tax advice is at the centre of the effort