The UK Supreme Court delivered its judgment in the Prudential case yesterday, confirming by a majority of five to two that legal advice privilege (LAP) cannot be claimed to protect confidential communications between accountants and their clients for the purpose of requesting or providing legal advice, even in tax matters.
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Geopolitical rivalry is reshaping global tax cooperation, as the OECD’s minimum tax framework fragments and the EU grapples with the ensuing legal fallout
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