Gertjan Verachtert, attorney at Sansen International Tax Lawyers and member of AIJA, analyses Belgium’s new voluntary disclosure legislation in light of recent developments in information exchange, including the ‘Panama Papers’ leak.
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The new guidance is not meant to reflect a substantial change to UK law, but the requirement that tax advice is ‘likely to be correct’ imposes unrealistic expectations
China and a clutch of EU nations have voiced dissent after Estonia shot down the US side-by-side deal; in other news, HMRC has awarded companies contracts to help close the tax gap