Left: Sam Sholli, ITR. Centre: John Peterson, OECD. Right: Francesco Bungaro, European Commission.
The OECD is confident it will smooth relations with non-pillar two countries like the US but warned it’s a politically sensitive issue, ITR’s inaugural Pillar Two Forum heard
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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