On 31 March 2016, UK HMRC published draft guidance on a proposed requirement that all large businesses publically disclose their tax strategies. The public disclosure was initially proposed as part of public consultation launched in July 2015 on improving large business tax compliance and strengthening sanctions for tax avoidance ({News-2015-07-24/P/2- previous coverage}). The main points of the draft guidance are summarized as follows. Qualifying Criteria for Publishing a Tax Strategy Businesses that would be required to publish a tax strategy generally include businesses administered by the Large Business Directorate at HMRC and UK members of non-UK headed groups if annual...