This content is from: Australia Australian update: What was in the federal Budget Peter Costello described his ninth - and perhaps final - Budget as designed to keep Australia's economy strong June 26 2004
This content is from: United States US inbound update: Taxpayer victory in check-and-sell case US taxpayers recently scored an important victory in Dover Corp v. Commissioner, which has monumental ramifications in the US tax treatment for disposing of non-US operations June 26 2004
This content is from: France French update: When French companies set up a foreign holding and abuse of law The French tax authorities use the abuse-of-law theory as an obstacle to oppose tax avoidance schemes when the latter are deemed excessive June 26 2004
This content is from: Hungary Advance pricing agreements on the way to Hungary After introducing transfer pricing documentation requirements in 2003, the Hungarian government is drafting legislation to introduce advance-pricing agreements (APAs) by 2005 June 26 2004
This content is from: Direct Tax Companies lack effective tax risk management Half the companies which participated in a recent survey on tax risk management said their board directors have not discussed or agreed a policy on the issue June 26 2004
This content is from: Italy Italy clarifies new dividend tax regime The Italian tax authorities have issued guidelines on the new dividend tax regime that came into force on January 1 2004 By default\Anonymous June 26 2004
This content is from: Hong Kong SAR Hong Kong introduces anti-avoidance tax laws The Hong Kong Legislative Council last week passed long-delayed Inland Revenue tax laws designed to crack down on anti-avoidance June 26 2004
This content is from: Direct Tax UK tax authorities back down over disclosure rules Tax lawyers and accountants last week welcomed a relaxation of the proposals on disclosing potentially abusive tax schemes to the UK Inland Revenue June 26 2004
This content is from: Direct Tax Korea clarifies international tax laws The National Tax Service of Korea (NTS) on June 15 2004 issued rulings on The Law for the Coordination of International Tax Affairs June 19 2004
This content is from: United States US House of Representatives passes international tax overhaul In a vote of 251 to 178 the House of Representatives passed the American Jobs Creation Act (AJC bill) last Thursday, June 17 2004, after months of intense lobbying and deal making June 19 2004
This content is from: Germany McDermott Will & Emery snares German tax team Deloitte-affiliated law firm Raupach & Wollert-Elmendorff has lost four of its high-profile German tax lawyers June 19 2004
This content is from: Brazil Brazilian update: Collection of social contributions on imports The Brazilian government issued on January 29 2004, Provisional Measure (PM) 164/2004 June 19 2004
This content is from: Ireland Irish update: Interest payments to US companies and LLCs Although Irish tax law imposes an obligation on companies generally, and on others who pay interest to persons whose usual place of abode is outside Ireland, to withhold tax from certain payments of interest, there ar... June 19 2004
This content is from: Mexico Mexican update: Tax treaties under negotiation Mexico is now in negotiations with several countries to sign tax treaties June 19 2004
This content is from: Netherlands Dutch tax inspectors to force the pace of disclosure Companies with operations in the Netherlands could be forced to hand over all information that tax inspectors consider potentially relevant to the collection of taxes June 19 2004
This content is from: Direct Tax Incoming EU president backs calls for minimum corporate tax rate June 12 2004
This content is from: Germany German update: Exit tax planning window opens In March 2004 the European Court of Justice (ECJ) invalidated a French statute that taxed the unrealized appreciation inherent in corporate stock held by long-term French resident individuals upon transfer of their ta... June 12 2004
This content is from: United States Olson rejoins private practice after Treasury service June 12 2004
This content is from: United Arab Emirates UAE plans to amend tax law on bank profits The Central Bank of the United Arab Emirates (UAE) has hinted it will recommend a change in the law regarding taxes on banking profits for foreign and local banks June 12 2004
This content is from: Direct Tax Italian update: Decree implements tax-transparency regime On April 23 2004 the Italian Ministry of Finance issued an ad hoc Decree implementing the necessary detailed rules to make the so-called transparency regime fully effective June 05 2004
This content is from: Direct Tax Swiss update: Progress on the tax amnesty debate The debate on tax amnesty has been going on for more than ten years June 05 2004
This content is from: Direct Tax John Ormerod takes the chair at Walbrook Walbrook, Deloitte’s former offshore advisory business, appointed an old colleague as chairman and launched its own tax advice division within a few days of each other at the beginning of June 2004 June 05 2004
