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First published in The Times, 6 December 2016.
The last decade has seen political and public perception of tax planning change dramatically, with people seeing any form of planning as damaging to reputation and a corresponding increase in tax audits by authorities globally.
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Our recent survey found that 77% of CFOs and tax directors said they have seen an increase in the number of audits undertaken by tax authorities in the past year – up from 60% who said this in 2015.