The growing economic crisis has hit multinational companies everywhere. For the ten most admired tax directors in Latin America, the challenges are the same as for large corporations the world over, but there are additional pressures they must deal with. However, Catherine Snowdon finds that experience means tax leaders in the region are coping with these pressures with a positive attitude
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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