The UK Supreme Court delivered its judgment in the Prudential case yesterday, confirming by a majority of five to two that legal advice privilege (LAP) cannot be claimed to protect confidential communications between accountants and their clients for the purpose of requesting or providing legal advice, even in tax matters.
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Ireland’s Department of Finance reported increased income tax, VAT and corporation tax receipts from 2024; in other news, it’s understood that HSBC has agreed to pay the French treasury to settle a tax investigation
The EU has seemingly capitulated to the US’s ‘side-by-side’ demands. This may be a win for the US, but the uncertainty has only just begun for pillar two