This content is from: Netherlands EU tax rules rile member state territories John Sanders, the international tax counsel of the government of Aruba, has criticized the EU’s Code of Conduct on Business Taxation as unfair on jurisdictions that are affiliated to EU member states. October 30 2004
This content is from: United States President Bush signs new corporate tax law In the midst of campaigning for re-election, President Bush signed, on October 22 2004, the American Jobs Creation Act (the Act) to end the five-year trade row with the EU over the foreign sales corporation (FSC) and ... October 30 2004
This content is from: Direct Tax US professional services firm opens UK office Jefferson Wells, a US professional services firm, has opened a UK office in London. The firm specializes in providing tax and compliance services to multinational companies from offices across the US. October 30 2004
This content is from: United States US Treasury official returns to Latham & Watkins Last Friday Latham & Watkins announced the return of Julian Kim, who served in Treasury for two years as acting deputy tax legislative counsel, as partner in the firm’s Washington, DC office. October 30 2004
This content is from: Japan Japanese update: Withholding tax exemption system overhauled The procedures for withholding tax exemption on Japan source income received by foreign corporations and non-residents in Japan have been changed from the submitting method (teishutsu) to the presenting method (teiji). October 30 2004
This content is from: Direct Tax Barclays hires new group tax director Heather Devine, head of UK and cross-border taxation at Hanson, a multinational concrete producer, will join Barclays as group tax director in January 2005. October 30 2004
This content is from: Direct Tax European Commission plans VAT streamlining The European Commission has published a proposal to simplify value-added tax (VAT) compliance for cross-border traders throughout the EU. October 30 2004
This content is from: Argentina Argentine update: New tax incentives On September 6 2004 Law 25.924 introduced a transitory regime aimed at promoting investments in industrial activities and infrastructure during the next three years. October 30 2004
This content is from: Ireland Update: Ireland attracts HQs and holding companies The Irish Finance Bill 2004 contained a number of measures aimed at increasing the attractiveness of Ireland as a corporate headquarters and holding company (HoldCo) jurisdiction. Broadly these new measures provided f... October 30 2004
This content is from: Spain Lovells opens tax practice in Madrid London law firm Lovells has hired two senior government officials to launch a tax practice in Spain. October 30 2004
This content is from: United States US inbound update: Proposed reorganization regulations make planning mergers even easier It is common for acquisitions to be conducted in the US on a tax-free basis through stock-for-stock exchanges October 09 2004
This content is from: Netherlands Netherlands clarifies tax-loss rules for fiscal unities The government of the Netherlands has clarified the rules on how fiscal unities should allocate tax losses to subsidiaries when they leave the group October 09 2004
This content is from: Switzerland Swiss update: New benefits under the EU Directives On July 19 2004 the EU Council formally adopted the decision of the European Commission to delay implementation of the EU Savings Directive from January 1 2005 until July 1 2005 October 09 2004
This content is from: Italy Italian update: New international ruling procedure becomes effective On July 23 2004 the Italian central tax agency issued the explanatory notes (the Explanatory Notes) envisaged by article 8(2) of Law Decree 269, of September 30 2003 (Decree 269) necessary to allow certain enterprises... October 09 2004
This content is from: Direct Tax ECJ to resolve VAT claim on 3G mobile phone licences The UK government faces a £3.5 billion ($5.97 billion) bill after the country’s Value-Added Tax (VAT) Tribunal referred a mobile phone operators’ tax claim on 3G licences to the European Court of Justice (ECJ) October 09 2004
This content is from: Direct Tax Lawyers agree on new tax disclosure rules The UK’s tax disclosure burden shifted to clients last week after The Law Society reached an agreement with the Inland Revenue on the issue of legal professional privilege (LPP) October 09 2004
This content is from: United States IRS rejects tax lobby report The chief counsel of the Internal Revenue Service (IRS) in Washington, DC has disputed findings in a report from Citizens for Tax Justice (CTJ) and the Institute on Taxation and Economic Policy (ITEP) released in Sept... October 02 2004
This content is from: United States Korb promotes US APA process in Europe Donald Korb, the US Internal Revenue Service (IRS) chief counsel, used his keynote address at International Tax Review’s fourth Global Transfer Pricing Forum in Berlin on September 29 2004 to promote the benefits of t... October 02 2004
This content is from: Australia Australian update: The focus of the new compliance programme The recently-released 2004-05 Compliance Program for the Australian Tax Office (ATO) sounded a warning bell for companies, which will face aggressive compliance activity by the ATO in the coming year October 02 2004
This content is from: France French update: Cases clarify inter-company aid Inter-company aid is the source of much dispute between companies and the French tax authorities, and has, over time, led to the French Supreme Administrative Court, defining a whole set of criteria regarding deductib... October 02 2004
This content is from: Direct Tax Garlick to run UK’s large business tax group David Garlick has been appointed as head of the large business service in the UK’s new HM Revenue and Customs (HMRC) October 02 2004
This content is from: India India resolves taxation of business process outsourcing India’s Central Board of Direct Taxes (CBDT) has released a circular to dispel the long-running confusion over the taxation of business process outsourcing (BPO) October 02 2004
This content is from: Direct Tax EU update: ECJ facilitates acquisitions of Belgian target companies According to the Belgian income tax code, the taxation of capital gains realized by individuals as substantial shareholders on the sale of shares in Belgian companies depends on the residence of the acquirer October 02 2004
