The complexity of multinationals’ tax affairs has meant that there is a premium on tax information. This has led to initiatives aimed at increasing cooperation and coordinated action between and among tax administrations. As the tax audit landscape changes, with the beginning of joint auditing, Matthew Gilleard investigates whether two heads really are better than one.
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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