For North American tax directors, focus has shifted from the struggle to survive during economic free-fall to possible future changes to the US international tax system. Erin Kelechava spoke with corporate tax executives to gauge their reaction to the proposals for reform that will most significantly affect their tax practice
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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