Japan’s 2015 tax reform proposal may not be delivered until January 2015 because of Prime Minister Shinzo Abe’s snap elections on December 14. However, tax professionals are confident that the delay of a two percentage point consumption tax increase will not impact other expected changes to Japan’s tax regime.
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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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