An assertion from an academic who has advised David Cameron, the UK Prime Minister, that tax avoidance is "disgusting" and should be discouraged, a plea from a finance director for more cooperative compliance and a warning that the failure of the BEPS project could lead to a series of unilateral actions on cross-border tax rules, made for a lively debate at the tax competition and cooperation conference convened by the Lord Mayor of London on Wednesday.
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Arindam Mitra and Robin Hart examine how aggregate TP rules clash with transaction-level customs rules, creating compliance risks and requiring granular, SKU-level pricing strategies
The OECD’s project was up for debate as Matt Williams spoke to ITR following BDO’s tax strategist survey, which uncovered increased complexity and costs among multinationals