Search results for

Tom Gareze (L) and Catherine Heyes (R) flank managing partner Carmine Papa PKF Littlejohn has strengthened its corporate tax capabilities with two senior appointments. Tom Gareze has joined as a corporate tax partner, bringing more than 25 years' experience, while Catherine Heyes assumes the role of senior corporate tax manager.

Liga Hoy has joined DLA Piper as a principal economist in the firm's international tax practice. She will be based in San Francisco.

Greg Neill New Zealand's Inland Revenue has finalised its interpretation statement (IS 14/01) regarding New Zealand's tax residence rules. The interpretation statement is structured in three parts and addresses the residence rules for individuals, companies and how the residence of persons connected with a trust will determine the tax treatment of trust income. (The separate consideration of trusts reflects the fact that, under New Zealand law, whether the trustees of a trust are taxed on worldwide income, or rather only on income sourced from New Zealand, depends primarily on the residence of any settlor rather than on the residence of the trustees.) The interpretation statement was issued on March 6 2014 and provides taxpayers with a welcome update of Inland Revenue guidance in this area, given that the previous published statement on tax residence was issued in 1989. Inland Revenue issued an exposure draft of the interpretation statement for comment and discussion in December 2012. One of the more troublesome aspects of that exposure draft was Inland Revenue's interpretation of the rules regarding the tax residence of individuals.

See who has done the tax work on this month’s biggest deals.

Jonathon Leek is becoming a barrister and is joining Francis Burt Chambers in Perth, Australia on May 1, where he will continue to specialise in tax advice and tax disputes. He was formerly a partner of Corrs Chambers Westgarth, Taxand Australia.

Because tax doesn’t have to be taxing.

George Osborne, the Chancellor of the Exchequer, has lost his appeal against a European financial transaction tax (FTT), but further challenges over the substantive issues are expected.

Jackie Hess

Guernsey is the first Crown Dependency to respond to the letter from David Cameron, UK Prime Minister, calling for a register of beneficial ownership information. The island nation is unlikely to support a register that is made publicly available, citing data privacy and human rights concerns as well as investment implications.

Vladimir Kotenko