Quotes of the month
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Quotes of the month

"There is a certain section of civil society that undoubtedly believes that all transparency is good and the more the better. But it has to be remembered that information on, for example, product pricing models can be competitively sensitive, and should be protected as such."

Alan McLean, executive vice president of taxation and corporate structure at Shell, sounds a note of caution in the tax transparency debate.

"Guernsey is ahead of the curve and we look forward to other jurisdictions stepping up to the mark so that we can help create a level playing field on beneficial ownership."

Fiona Le Poidevin, chief executive of Guernsey Finance, raises the bar by thinking outside the box and digging down to break the world record for number of PR clichés in one sentence.

"Some high profile digital companies have indulged in BEPS strategies... [But this] does not make the digitised economy itself a cause of BEPS, but [the OECD] has yet to take the sensible step of entirely decoupling the subjects."

Glynn Fullelove, group director of tax at Informa, urges clarity in discussions of the OECD approach to tackling the tax challenges associated with the digital economy.

"Over half of the Conservative party's funding comes from the financial sector and our worry is that [UK Chancellor, George] Osborne is defending the city against the wider interests of Britain."

Simon Chouffot, of the Robin Hood Tax campaign, airs his fears in relation to progress on a European financial transaction tax.
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Jeremy Brown arrives at the firm after a near 16-year career with Deloitte
PwC could elect a woman into the senior leadership position for the first time; in other news, KPMG Australia has extended its CEO’s term
The Senate report into PwC’s scandal is titled ‘The cover up worsens the crime’
Law firms that are conscious of their role in society are more likely to win work, according to a survey of over 23,000 in-house professionals
The firm’s tax business generated a quarter of HLB’s overall revenues in 2023
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
Binance has also been accused of manipulating foreign exchange rates via currency speculation and rate-fixing
Six individuals should have raised questions over information they received but did not breach professional standards, according to the firm
The partnership of KPMG UK has installed Holt for a second term as CEO and senior partner; in other news, a Baker McKenzie partner has sued the IRS
HSBC has settled a claim originally worth £240m relating to a failed film tax relief scheme without admitting liability or wrongdoing
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