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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As Coca-Cola awaits a crucial 11th Circuit Court of Appeals decision this year, its multibillion-dollar tax dispute could have profound implications for investors, cash flow, and corporate transparency
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