The BRICS members are important players on the world’s economic stage and are working more closely together in this sense. But tax policy remains primarily the preserve of individual nations. Salman Shaheen looks at tax policy priorities for the BRICS and the areas in which they should work more closely together in the future.
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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