The European Commission yesterday adopted the final proposal in a package of measures that is aimed at making the taxation of telecommunications, broadcasting and electronic services fairer and more business friendly. But Europe’s largest mobile telecommunications company does not believe it goes far enough to ease the administrative burden.
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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