Companies that pay taxes in Central Asia and Eastern Europe will be pleased to find out their compliance burden has come down the most in the nine-year history of the Paying Taxes survey, according to this year’s version of the research, which was compiled once again by PwC, the World Bank and the International Finance Corporation (IFC).
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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