Michael Jacobs was former UK Prime Minister Gordon Brown’s special adviser on the environment and is now a visiting professor at the London School of Economics. In an exclusive interview with Salman Shaheen of International Tax Review, Jacobs discusses his time formulating environmental tax policy at 10 Downing Street, the role tax can play in tackling climate change and just what he thinks of the new government’s record.
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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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