The opening of Myanmar to the world and its ongoing transition to an open economy has generated a huge amount of interest from multinational companies looking to capitalise on Asia’s latest emerging economy. With the entry of multinationals, Jack Sheehan and Bernard Cobarrubias of DFDL look at the renewed interest in cross-border transactions and naturally, international tax planning.
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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
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