When KPMG’s Jonathan Bridges finished a Treasury secondment to help design the patent box, he thought he would resume life as a corporate tax adviser at the Big 4 firm without much fanfare. He did not expect to be outed as the prime example of what some UK MPs believe is a rotten system that allows secondees to return to their firms and advise clients to get around legislation they created. But Bridges, singled out for criticism by Parliament’s Public Accounts Committee (PAC), denies he sought out loopholes for clients to exploit.
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The firms made senior hires in Los Angeles and Cleveland respectively; in other news, South Korea reported an 11% rise in tax income, fuelled by a corporation tax boom
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As tax teams face pressure from complex rules and manual processes, adopting clear ownership, clean data and adaptable technology is essential, writes Russell Gammon, chief innovation officer at Tax Systems