Financial institutions, other taxpayers and practitioners have until September 6 to respond to a HM Revenue & Customs (HMRC) discussion draft on the implementation of exchange of tax information agreements between the UK and its Crown Dependencies and Overseas Territories with financial centres, which the UK government believes will set a new standard in international tax transparency.
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Scott Bessent reportedly felt undermined by Musk naming Gary Shapley as acting IRS commissioner; in other news, Baker Tilly will combine with a top 15 US firm