Direct Tax

Archive: Direct Tax

This content is from: United States

IRS scrutinizes tax shelters

There seems to be no escape for the big accounting firms in the US. Just after their fears were alleviated by the final wording of the Sarbanes-Oxley Act, which seemingly guarantees that they can continue providing ta...
February 23 2003
This content is from: Direct Tax

Strikes overcome Bolivian tax rises
February 23 2003
This content is from: Bosnia and Herzegovina

Bosnia targets tax fraud
February 23 2003
This content is from: India

India calls for foreign exchange tax
February 23 2003
This content is from: Direct Tax

EY and KPMG lose transfer pricing partners

Despite the obvious advantages of a network when it comes to transfer pricing work, two leading transfer pricing professionals have left the big four for smaller consulting firms
February 23 2003
This content is from: Ireland

Ireland woos securitization

With its tax rate of 12.5% and a tax system that since 1997 has aimed to make securitization deals effectively tax-neutral, Ireland is already a popular onshore location for securitization. But changes announced in it...
February 23 2003
This content is from: Czech Republic

White & Case boosts Slovak tax team

White & Case has hired two Ernst & Young tax advisers for its Slovakian tax group
February 23 2003
This content is from: Japan

Japanese banks defeat Tokyo taxes

Japan’s struggling banks have been granted a temporary reprieve after winning a High Court tax case against the Tokyo city government
February 23 2003
This content is from: Belgium

EC targets tax breaks in Belgium, Ireland and the Netherlands

The European Commission last week decided that tax breaks in Belgium, Ireland and the Netherlands constitute state aid
February 23 2003
This content is from: Direct Tax

EU drops state aid probes into tax schemes

The European Commission has dropped its state aid probe into an Irish tax scheme and given the Belgium and Dutch governments more time to phase out tax schemes it says are incompatible with state aid rules
February 16 2003
This content is from: Japan

Japanese merger reforms fail to resolve tax problem

Proposals in Japan to allow the use of foreign company shares in stock-for-stock deals with domestic entities will be ineffective because the government will not remove prohibitive tax burdens
February 09 2003
This content is from: United States

Bush Budget targets tax avoidance

President George W Bush’s Budget announced last week includes measures aimed at cracking down on tax avoidance and non-compliance by both individuals and businesses
February 09 2003
This content is from: Czech Republic

Czech VAT returns go online
February 09 2003
This content is from: Direct Tax

European Commission turns up the heat on pension discrimination

The European Commission (EC) has launched an attack on discriminatory tax systems against foreign pension funds in six member states
February 09 2003
This content is from: Direct Tax

BDO predicts loss of income from Sarbanes-Oxley
February 09 2003
This content is from: Direct Tax

Dorsey & Whitney wins Landwell’s tax litigation group

US law firm Dorsey & Whitney has launched a tax litigation group in London after acquiring the majority of Landwell’s UK tax litigation group
February 09 2003
This content is from: Direct Tax

EY wins £2.6 billion Equitable Life case

Ernst & Young has successfully struck out a £2.6 billion claim against it by Equitable Life and the judge described Equitable’s alternative bonus claim as ‘seriously flawed’
February 09 2003
This content is from: Ireland

Ireland cracks down on tax avoidance

With its corporate tax rate down to 12.5% Ireland cannot afford to let any potential revenue slip through the net and its 2003 Finance Bill announced last week attempts to remove the risk of this happening
February 09 2003
This content is from: Direct Tax

OECD’s FATF targets terrorist financing
February 09 2003
This content is from: Ireland

Ireland set to change tax law to benefit synthetic securitizers

Changes to tax law expected this week should make Ireland a viable location for issuing notes under synthetic securitizations
February 02 2003
This content is from: Russia

Russia considers tax relief

The Russian government may introduce substantial tax reforms
February 02 2003
This content is from: United States

KPMG facing fraud charges on Xerox audit

The Securities & Exchange Commission (SEC) is suing KPMG and four KPMG partners including the head of the firm’s department of professional practice for fraud
February 02 2003
This content is from: Direct Tax

Pirelli defeats UK Inland Revenue

The Pirelli tyre group won its case in the UK High court on January 22 against the Inland Revenue and the decision will leave the path clear for other companies claiming compensation for the UK revenue’s attempts to d...
February 02 2003
This content is from: Direct Tax

UK announces corporate governance reform

Measures announced by the UK trade and industry secretary last week to toughen up protection against business malpractice have spared professional services firms from drastic reform
February 02 2003
This content is from: United States

Big four spared in SEC guidelines

A lenient Securities & Exchange Commission (SEC) has granted the big four permission to provide tax services to audit clients into the foreseeable future
February 02 2003
This content is from: Direct Tax

Allen & Overy advises on Northern Rock securitization
February 02 2003
This content is from: Germany

Germany to reverse law blocking true sale securitization

The German government has said it will exempt banks from a law that has made true sale securitizations impossible for the past two years
February 02 2003
This content is from: Israel

Israel aims for Budget cuts
February 02 2003

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