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David Cuellar

Harve Israel Herve Israel has joined DLA Piper as a partner in Paris. He moves from Holman Fenwick Willan, where he was a partner and headed up the international tax group. Before taking up that role, he was head of tax at Hogan Lovells in Paris.

Jay Nibbe Jay Nibbe is to succeed David Holtze as EY's global vice chairman for tax. He chairs the firm's tax executive committee and is also a member of the firm's global executive, its highest management body. He will continue to advise clients in his new role. Nibbe, who joined EY in 1985, most recently chaired EY's global accounts committee and has also been deputy area managing partner for Europe, Middle East, India and Africa (EMEIA), Americas vice chairman of tax and Americas tax managing partner. Between 1995 and 1999, he was the firm's tax leader in the Commonwealth of Independent States.

Barrie Akin, formerly of Gray's Inn Tax Chambers, has joined the tax team at Devereux Chambers. Formerly an accountant, Akin has been in practice at the tax bar since 1996. His work covers the range of direct and indirect taxes.

Brian Birt Brian Birt has joined MHA MacIntyre Hudson in their London office, as a VAT manager. He has more than 15 years' experience in indirect taxes and now manages his new firm's London and South East client portfolio.

Jim Fuller

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Marta Szafarowska All Polish companies using group financing have to prepare for a completely new thin capitalisation rules from January 2015 to avoid significant adverse effects on their tax position. This refers in particular to all those taxpayers who, to avoid such negative effects, use financing granted by their grandparent companies. Basically, existing thin capitalisation rules apply only to loans granted by direct shareholders, provided that such loans exceed the equivalent of three times the value of the company's share capital. Consequently, most of the companies requiring group financing (for example, leasing and CFM companies) have been financed by their grandparent companies. The new provisions envisage not only covering the financing from grandparent companies with thin capitalisation rules, but also the new debt:equity ratio. The thin capitalisation rules will apply if the amount of debt towards related parties exceeds the amount of the company's equity (instead of three times the company's share capital). A very limited netting of debt has also been envisaged – generally, to apply the above rules the loans granted by related parties will be reduced by the loans granted by the taxpayer but only to those related parties. From the perspective of CFM or leasing companies such netting is completely insufficient.

Vladimir Kotenko

Sean Foley