A report from PwC shows that most people in the UK view an overseas business moving its headquarters to the country as a positive sign, despite some of the negative press reaction to foreign companies such as Starbucks availing themselves of the benefits of being in the country but not contributing a “fair” level of tax.
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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