David Cameron, UK Prime Minister, championed progress on the issues of tax and transparency by placing them at the top of his agenda for the UK’s chairmanship of the G8. But now the summit is over, and the Lough Erne Declaration has been released, the question is whether his efforts were successful whether the issues have simply been kicked into the long grass.
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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