This content is from: Direct Tax AOL’s UK VAT relief under threat A High Court decision last week raises doubt over AOL’s relief from VAT in the UK September 28 2002
This content is from: Direct Tax Interest deductions extended to EU subsidiaries If the European Court of Justice (ECJ) upholds two advocate general decisions, tax deductions would be available to EU-parent companies borrowing funds to finance subsidiaries within the EU, irrespective of how those ... September 28 2002
This content is from: France Shearman & Sterling expands Paris tax group US firm Shearman & Sterling has continued the expansion of its international tax team by hiring its fifth lateral partner in the past year. September 28 2002
This content is from: Luxembourg NautaDutilh opens in Luxembourg Dutch firm NautaDutilh is opening an office in Luxembourg at the beginning of November. September 28 2002
This content is from: France EC upset by French budget with tax cuts European Commissioner Pedro Solbes has expressed his concern at France’s 2003 budget, which he believes will prevent the country from reaching a balanced budget position by 2006 September 28 2002
This content is from: Direct Tax Deloitte & Touche CEO steps down Jim Copeland, the global CEO of Deloitte & Touche and Deloitte Touche Tohmatsu has announced his resignation, at the firm’s annual gathering last week. September 28 2002
This content is from: South Africa KPMG loses 15-lawyer team in South Africa KPMG has been hit by the loss of 15 tax lawyers in South Africa to local law firm Sonnenberg Hoffmann Galombik September 21 2002
This content is from: United States Global accounting bodies begin harmonization process After months of corporate scandals over accounting irregularities, the international and US standards-setters have begun a process to harmonize their rules and create a single global standard by 2005 September 21 2002
This content is from: China China cracks down on international tax evaders Multinational companies will soon face a stricter tax collection system in China as part of the government's effort to increase revenues and reduce the level of tax evasion September 21 2002
This content is from: Hong Kong SAR Hong Kong pledges stable tax base for venture capitalists Hong Kong will continue to be an attractive location for venture capitalists after a senior official said the tax base and regulatory regime is not set to change September 20 2002
This content is from: United Kingdom US and Guernsey sign information-sharing pact Officials from Guernsey and the US have signed an agreement on information exchange to help the US government crack down on money laundering September 20 2002
This content is from: Direct Tax Financial Reporting Council sets up audit review group The Financial Reporting Council (FRC) has set up a small group to develop guidance for audit committees that is contained in the Combined Code. The FRC was asked to set up the group by the UK government’s coordinating... September 14 2002
This content is from: Direct Tax Ernst & Young loses deputy director to Mayer Brown Big four firm Ernst & Young has lost its deputy national director of international tax services in the US to Mayer Brown Rowe & Maw. Hal Hicks joined the firm in the first week of September after five years at Ernst &... September 14 2002
This content is from: Switzerland EU mulls action over Swiss reluctance on savings tax A senior EU official has expressed his frustration at the apparent deadlock with Switzerland over the taxation of savings, with reports suggesting negotiators may impose restrictions on Swiss investment in Europe if t... September 14 2002
This content is from: Direct Tax EU reveals targeted products in tariff row with the US The EU trade war with the US took another step forward last week when the European Commission revealed its list of US products which could potentially be subject to countermeasures September 14 2002
This content is from: France Baker & McKenzie benefits from Andersen collapse in France Baker & McKenzie is strengthening its Paris-based tax team after 11 Arthur Andersen lawyers decided to shun rival accountancy firms in favour of the law firm September 07 2002
This content is from: Canada Canada negotiates succession of tax treaties The Canadian government has signed a series of tax treaties to end double taxation between Canada and Norway, Moldova and the United Arab Emirates September 07 2002
This content is from: France Ernst & Young-Andersen France merger wins EU approval The European Commission has cleared the proposed merger between Ernst & Young, France, and most of Andersen France’s business, leaving the path clear for the two firms to create France’s largest professional services ... September 07 2002
This content is from: Singapore Singapore eases stock-option tax burden Singapore-based foreign workers that leave their jobs before exercising their stock options will now be treated for tax purposes as if they exercised them when they ceased employment September 06 2002
This content is from: Netherlands A&O raids Ernst & Young to expand Dutch tax team Allen & Overy has hired a team of Ernst & Young tax lawyers to strengthen its Dutch M&A practice September 06 2002
This content is from: Chile Chile waters down tax reforms The Chilean government has announced amendments to its reform package announced on July 18 after admitting that the original package was flawed September 04 2002
