Magazine
February 2003

Magazine Archive

Special focus - Belgium: What the corporate tax reforms mean

Belgium has lowered nominal corporate tax rates and made some other changes to attract foreign investment. Marc De Munter of Freshfields Bruckhaus Deringer examines the implications of the legislation and whether it will work
Determining deductible interest without consultation

By KPMG's Harry L Gutman, former head of the US Joint Committee on Taxation
Pepper Hamilton expands tax group
KPMG hires IRS official
General Motors transfer pricing specialist joins EY
European accounting body elects new president
Jones Day lures EY partner
EY poaches former KPMG director
Fulbright appoints new chairman
EC takes Spain to the ECJ
Cable & Wireless sets aside tax reserve
Bill extends internet tax ban
Singapore ratifies Finland tax treaty
France promises tax cuts
Ireland raises VAT
Bush axes dividend tax
EU waters-down savings directive
Big four spared in SEC guidelines
Nine New Year resolutions for tax directors
Marks & Spencer loses group losses appeal
Special focus - Belgium: Understand the new DRD and withholding tax regime

As part of its tax reforms, Belgium has reworked its participation exemption and withholding tax regime. Kurt De Haen of PricewaterhouseCoopers analyzes the implications
What the US mid-term elections mean for earnings stripping

Multinationals doing business in the US should be worried about how the Thomas Bill will affect their business. PricewaterhouseCoopers' Oscar Teunissen and Larry Skor in New York and Christine Halphen, Steve Nauheim and Linden Smith in Washington DC explain why
The Netherlands' participation exemption regime gets better

Michiel Sunderman of Freshfields Bruckhaus Deringer reveals how recent cases and legislation have improved the participation exemption regime in the Netherlands, particularly as it applies to options
How Japan taxes stock options

A new case has changed how employees of Japanese subsidiaries of foreign companies are taxed on their stock options. Ryuichi Tajima, Doug Rosser, Jonathan Stuart-Smith and Jonathan Golub of Deloitte Touche Tohmatsu, Tokyo explain why corporates need to review their plans
When minority shareholders attack transfer prices

Transfer pricing professionals face a new challenge. Francois Vincent, Steven D Harris and Paul Burns of KPMG report on the case that is changing the landscape in North America
Inside transfer pricing in the UK

The willingness of UK inspectors to take on bigger and more complex transfer pricing cases may be about to increase. Gary J Mills, head of Ernst and Young's transfer pricing controversy practice, looks inside the Inland Revenue after Tax Bulletin 60
New rules on foreign exchange losses
New issues for foreign parent companies of Australian consolidated groups
Mini tax reform changes on PIS and tax avoidance
Auditor General targets international transactions
Circular clarifies taxes for holding companies
Compensation for ACT not offset by entitlement to tax credits
Courts tighten permanent establishment law
Chief Executive seeks to boost revenue
Budget committed to 12.5% corporate tax
Tax reform plans revealed
US Protocol amends dividends and income rules
What the Amoco decision means for captive insurance
New Year brings tax overhaul
How finance directors should deal with VAT
Group relief for European losses rejected
When professional services become a permanent establishment
Big four turn to China
Osler gains from EY's Donahue demise