Cover story: Opportunity missed for US reform Taxpayers, advisers and regulators agree the US Internal Revenue Code is too complex. The tax reform panel emphasized the point when it released its report a year ago on November 1 2005. But nothing has happened since then to simplify the rules. International Tax Review investigates why
Sound Swiss organization on Phonak deal With its acquisition of competitor GN Resound, Phonak will become the world's largest hearing aid manufacturer. Claire Jones found out how an unusual structuring ensured a low tax cost
A preference for inaction? No imminent changes to the Internal Revenue Code may be good for the rest of us, believes Chris Wales
Shaking up the system Marina Capel, head of tax of Reuters Asia calls for multilateral improvements to tax administration in Asia
Global Tax Policy Roundtable: Agenda for cross-border change Talk of reform is in the air in the US and the UK. But what to do and where to start? At an event hosted by International Tax Review and RSM, a distinguished panel of taxpayers, regulators and advisers, along with an invited audience, debated the issues in London in September
The explosion of tax risk Tax risk management takes in much more now than making sure the figures add up correctly. Angus Johnston of PricewaterhouseCoopers highlights other issues that taxpayers need to be aware of
Court demands CFC rules rethink Anton Hume and Gerlinde Seinsche of BDO examine what possible changes to the UK's and Germany's CFC provisions because of the Cadbury Schweppes case could mean for taxpayers in both countries
What royalty means in shipping Indian ship owners and overseas charterers are unclear about the definition of royalty and use of equipment. The government should step in, believes Ketan Dalal of RSM & Co
Transfer pricing elite gather in London The sixth Global Transfer Pricing Forum drew together the world's leading thinkers from governments, multinationals and their advisers for two days in London
Tax haven law blocks progress The rules on preferred tax regimes need to change if local companies are to compete fairly with their international counterparts, believe Fred Barrett of PricewaterhouseCoopers and Timothy Cottrell of CEMEX
Reits take shape in draft law The German government has published its plans for real estate investment trusts. The Bill compares favourably to similar structures in other countries, reveals Martin Buenning of Allen & Overy
Americas Awards International Tax Review's first Americas Awards got off to a strong start in late September. The ceremony was held at the Waldorf Astoria hotel in New York and more than 120 top tax professionals were in attendance to celebrate tax excellence
