Vodafone’s Supreme Court success in India in January filled other foreign investors in Asia with confidence. However, tax authorities in other countries in the region are still focused on compliance. Joe Dalton discovers that better relationships with administrators and a keen awareness of impending legislation can help taxpayers work these demands into their deals in 2012.
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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