Seth Terkper, Ghana’s finance minister, has told a meeting in London attended by tax directors from leading multinational companies that tax evasion means that some countries cannot achieve targets for development and investment. Cooperative compliance, which seeks to identify potential problems before they arise, was highlighted as a key tool for creating trust between taxpayers and officials.
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Luis Coronado suggests companies should embrace technology to assist with TP data reporting, as the ‘big four’ firm unveils a TP survey of over 1,000 professionals
KPMG Netherlands’ former head of assurance also received a permanent bar and $150,000 fine; in other news, asset management firm BlackRock lost a $13.5bn UK tax appeal