When KPMG’s Jonathan Bridges finished a Treasury secondment to help design the patent box, he thought he would resume life as a corporate tax adviser at the Big 4 firm without much fanfare. He did not expect to be outed as the prime example of what some UK MPs believe is a rotten system that allows secondees to return to their firms and advise clients to get around legislation they created. But Bridges, singled out for criticism by Parliament’s Public Accounts Committee (PAC), denies he sought out loopholes for clients to exploit.
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
Belt and Road Initiative countries face tax incentive conundrums due to pillar two, but relatively few countries would seek to scrap the project, ITR has heard
Hany Elnaggar examines how the OECD’s global minimum tax is reshaping the GCC’s investment incentive landscape, shifting the region from rate-based competition toward substance-driven economic positioning
The acquisition of a two-partner practice from Stephenson Harwood means that Charles Russell Speechlys has the largest private client team in Asia, the firm claimed
Complex and constantly shifting rules on global mobility mean ‘the risk is too great’ for staff to work abroad on personal time, EY’s Maureen Flood tells ITR
While it’s great that the OECD is alive to multinationals’ fears of being caught in a compliance trap, the ‘common understanding’ illustrates a worrying lack of readiness