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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More from across our site

Mazars needs to do all it can to capitalise on TP as a growth area, ex-Deloitte TP director Jeremy Brown has told ITR
Sanjay Sanghvi and Raghav Bajaj of Khaitan & Co provide a practical guide for foreign investors looking to capitalise on Indian’s investment potential
The newly launched Tax Responsibility and Transparency Index will assess the ethicality of companies’ tax practices against global standards and regulations
The reported warning follows EY accumulating extra debt to deal with the costs of its failed Project Everest
Law firms that pay close attention to their client relationships are more likely to win repeat work, according to a survey of nearly 29,000 in-house counsel
Paul Griggs, the firm’s inbound US senior partner, will reverse a move by the incumbent leader; in other news, RSM has announced its new CEO
The EMEA research period is open until May 31
Luis Coronado suggests companies should embrace technology to assist with TP data reporting, as the ‘big four’ firm unveils a TP survey of over 1,000 professionals
The proposed matrix will help revenue officers track intra-company transactions from multinationals
The full list of finalists has been revealed and the winners will be presented on June 20 at the Metropolitan Club in New York
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