Earlier this week, the US Supreme Court declined Amazon and Overstock’s applications for a hearing in a case relating to a law requiring out-of-state vendors to collect sales tax on New York transactions when they use New York residents to solicit business within the state through websites.
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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