A month after Weatherford told investors it was getting to grips with its income tax reporting problems, the oilfield services and equipment supplier has announced that its two most senior tax and finance executives are to leave the company.
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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