How to treat shared service centres is a key issue for tax officials and taxpayers in Latin America today, report Luis Liñero of Deloitte in Mexico, Cristina Arantes Berry of Deloitte in Brazil, Daniel Caracciolo of Deloitte in Argentina, Anthony Cook of Deloitte in Chile, Jaime Vargas Cifuentes of Deloitte in Colombia and Alan Saborio of Deloitte in Costa Rica
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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