With Russia and France recently announcing the introduction of formal enhanced relationship tax compliance programmes, and several other countries proposing to do the same in the near future, International Tax Review speaks with John Condon, regional tax manager for BP – Australasia, about entering Annual Compliance Arrangements (ACA) with the Australian Taxation Office (ATO).
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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
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