Building on its hispanic success — striking deals with Andersen offices in Spain and Portugal — Deloitte & Touche has persuaded Andersen in Brazil and Mexico to join the firm and turn their backs on a deal with KPMG. Not to be outdone Ernst & Young has negotiated a tie-up with Andersen’s Chile operation, Langton Clarke
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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