The hurdles for information request and exchange are becoming lower, Gert Mueller-Gatermann, international taxation representative of the German Federal Ministry of Finance, yesterday told IBA delegates attending a session titled The bear hug, or will taxpayers and tax administrators soon be sharing the same bed, in Dubai.
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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