Five more jurisdictions signed up to the OECD’s tax co-operation agreement to enable the automatic sharing of country-by-country information. But among taxpayers in the largest of these economies, advisers report concerns.
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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