AIG turned to private practice when it needed someone to run its tax department in Asia. Tony Fay came to the role in awe of the size of the company and the issues he and his team have to deal with throughout the region.
Ralph Cunningham spoke to him in Hong Kong about how he intends to embed tax as a key part of the company.
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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
China and a clutch of EU nations have voiced dissent after Estonia shot down the US side-by-side deal; in other news, HMRC has awarded companies contracts to help close the tax gap