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In an interview with the Financial Times, German Finance Minister & Politician, Mr Wolfgang Schauble has claimed that the current G20 regulations regarding tax avoidance would limit the UK’s aptitude to give tax breaks to companies where due after leaving the European Union.


Just before the release of the much anticipated UK Autumn Statement 2016, several research projects show that tax income could fall below £30Bn below the predictions as a result of lower than expected growth throughout the year. With some studies showing that the UK could have to loan over £20Bn if there are no amendments to the current policy.


Most businesses, in particular international public companies, are reporting in line with the appropriate accounting framework. Additionally, the introduction of strategic reporting has improved the quality of the reports received by the Financial Reporting Council, as per their latest announcement.