Transactions are back. After a few years of hesitancy and a lack of deals, taxpayers have regained confidence and are once again spending cash. As this year's Tax Transactional Survey explains, tax has been an integral aspect of seeing transactions return to the market. International Tax Review highlights which firms are leading the way as the global transaction market stutters back into life.
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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