Tax is at the top of the political agenda and many substantial changes are taking place, partly as a response to political and popular pressure resulting in the Base Erosion and Profit Shifting (BEPS) Action Plan, EU initiatives and changes in domestic law and partly as a result of administrative pressures and the capacity for new technological developments, such as the Making Tax Digital plans. New technology has also had a part to play in ramping up the political agenda as it becomes easier to access and disseminate material and we cannot help being aware of the major impact of recent leaks of vast amounts of information.
The rapid pace of change has left many in the tax community gasping for breath. There is also some feeling of lack of direction. As a result, there were so many topics I could have chosen for this lecture that I was spoilt for choice, but one common theme emerged. This is ‘trust’.
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