Publish What You Pay Norway has developed a new standard of country-by-country reporting, backed by trade unions and investment companies, which goes beyond the requirements of the EITI and Dodd Frank. National coordinator Mona Thowsen talks to International Tax Review about the benefits of this new standard, not only for tackling tax avoidance, but for companies themselves.
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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