This content is from: United States Bipartisan support for consumption-based US code December 20 2006
This content is from: Direct Tax Report discusses changes to UK interest deductibility rules A report on interest deductibility has found that UK multinationals would consider a reduction in relief on payments so long as it was matched with an equal cut in the tax levy on interest received. December 20 2006
This content is from: European Union Denkavit verdict will hit exchequers across Europe European pension funds and charities are expected to be among the first to benefit from the European Court of Justice's (ECJ's) Denkavit judgment. December 19 2006
This content is from: United States FIN 48 costs uncertain Nearly half of 3000 respondents to a Tax Council Policy Institute (TCPI) survey indicated they do not yet know what financial impact FIN 48 will have on their companies' bottom line. December 19 2006
This content is from: United States US transfer pricing leader leaves PricewaterhouseCoopers again Mike Durst, a leading name in transfer pricing in the US, has left PricewaterhouseCoopers for the second time. December 13 2006
This content is from: European Union European Court fails to be clear in FII and ACT verdicts Tax professionals say diplomacy led the European Court of Justice (ECJ) to give incorrect and convoluted verdicts in the franked investment income (FII) and advance corporation tax (ACT) group litigation cases. December 13 2006
This content is from: Direct Tax UK Pre-Budget Report kills effect of Deutsche win The UK chancellor's Pre-Budget Report (PBR) has reversed some of the implications of Deutsche Morgan Grenfell's (DMG) victory against the UK authorities, which entitled companies to compensation for overpayment of cor... December 13 2006
This content is from: Direct Tax CFC changes comply with European Court, asserts HMRC The UK tax authorities have insisted that changes to controlled foreign company (CFC) rules comply with the European Court of Justice's decision in the Cadbury Schweppes case. December 12 2006
This content is from: Netherlands Weistra opens Ballentine Barbera office in Amsterdam The Ballentine Barbera Group, the transfer pricing unit of CRA International, has set up its first office on the continent of Europe. The firm has hired Gerben Weistra from LECG to be a director in Amsterdam. Weistra'... December 11 2006
This content is from: Hong Kong SAR No GST for Hong Kong Hong Kong has scrapped plans to introduce a goods and services tax, because of public and political pressure December 06 2006
This content is from: Direct Tax PBR has Cadbury Schweppes twist The UK government surprised taxpayers and advisers today by using its Pre-Budget Report (PBR) to respond to the European Court of Justice verdict in the Cadbury Schweppes case. December 06 2006
This content is from: United States PAYGO threatens tax credits The reintroduction of a PAYGO regime by the US Congress could affect popular forms of tax relief, such as the R&D credit, as the need to offset the credits with revenue raisers could prove difficult. December 05 2006
This content is from: European Union VAT Directive becomes simpler A more user-friendly approach to how VAT works in the EU is on the way after the latest meeting of Ecofin, the council of EU finance ministers. December 04 2006
This content is from: Direct Tax Samsung beefs up tax team in south Asia The Korean electronics manufacturer is expanding its tax team on the Indian subcontinent, appointing a new head of tax for the region as well as other roles. December 04 2006
This content is from: Japan Japan officials argue over tax cuts Government officials are divided over plans to eliminate capital gains and dividend income tax breaks. But parliament appears to have resolved arguments over plans to cut the corporate income tax rate. December 04 2006
This content is from: United States Electronic tax returns mean more expense Complying with electronic filing rules in the US meant more investment in staff and technology, a survey of tax executives has found. December 04 2006
This content is from: Venezuela Venezuela closes in on oil and gas industry In an unprecedented move, the Venezuelan tax authority (the SENIAT) has issued Royal Dutch Shell with a $17.4 million tax bill following a detailed transfer pricing assessment. December 04 2006
