Officials claim that increased transparency in tax disputes reduces exposure to long and costly battles. But disclosing sensitive information to revenue-hungry officials can be detrimental to a business’s bottom line. Jack Grocott speaks to advisers from across the world to discover when is the best time to be transparent in a dispute.
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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