Philip Kermode is director of Direct Taxation, Tax Coordination and Economic Analysis and Evaluation at the European Commission. In an exclusive interview, he discusses how the Commission’s policies are making life easier for taxpayers doing M&A work, its efforts to iron out the creases caused by national tax policy and the importance of tax in the functioning of the single market.
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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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