The key challenges in 2011 were to respond effectively (internally and externally) to the many consultations including in particular the CFC reform programme, to deploy departmental resources effectively in response to the ever growing regulatory and compliance burdens, to maintain a stable and sustainable effective tax rate at a time when the courts’ approach to interpreting legislation continues to ebb and flow, to respond to the continuing financial pressures on the corporate sector, particularly on costs, and to develop fresh thinking in the light of the debate in the mainstream media on what was previously the rather technical world of corporate tax.
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