From November 24 to 27, Chris Jordan, commissioner of the Australian Tax Office (ATO), hosted tax administrators from 17 Asian member countries including tax leaders from key trade partners Japan and China at the Study Group on Asia Tax Administration in Research (SGATAR). The group of delegates agreed to form a regional task force to share best practices and information.
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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