William Arrenberg and Isaac Zailer, of Herbert Smith, consider the uncertainties created by the UK tax and regulatory regime associated with North Sea decommissioning. They then compare the difficulties faced by companies in the UK with the position in a number of other jurisdictions, before finally considering the recent UK budget announcement aimed at reducing the uncertainty relating to decommissioning tax reliefs.
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A global tax framework may not materialise anytime soon, but a common set of principles is becoming increasingly necessary, Rudolf Winkenius also tells ITR
While pillar two can progress without the US, it won’t reach the same heights without American involvement, argues Renáta Bláhová, founding partner of BMB Partners Taxand
The deal comes after PwC had accused Paul McNab of using confidential information; in other news, McDermott hired a new London tax head from a US rival
Looking at transfer pricing simplification is “obviously helpful”, but it should be done in line with current standards, a senior government figure reportedly said