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  • nicolson.jpg
    Nicolson to enhance KPMG on west coast
    Sandy Nicolson will join the Silicon Valley office of KPMG as managing director of its indirect tax practice. Nicolson previously worked as a director at KPMG's international member firm in the UK, advising companies on numerous indirect tax issues, including cross-border VAT rules. He will now be in charge of expanding KPMG's international indirect tax practice on the west coast, and assisting US multinationals working abroad with VAT and other indirect tax issues.
    December 01 2010
  • lehtimaja.jpg
    Krogerus hires new head of tax
    Antti Lehtimaja has joined Krogerus in Finland as a counsel and new head of the tax law group.
    December 01 2010
  • Foster’s prepares to challenge ATO claim
    Foster's is facing up to a confrontation with the Australian tax authorities after it announced that it does not accept an official assessment that it owes almost A$66 million ($65 million) in tax and interest arising from a capital loss in the 2004 financial year.
    December 01 2010
  • Honduras to introduce TP rules
    Honduras is preparing new legislation to combat tax evasion, including a chapter on transfer pricing, as part of its fiscal reform.
    December 01 2010
  • El Salvador tax declared “soak-up” by IRS
    The Internal Revenue Service (IRS) has strongly suggested that US financial institutions with operations in El Salvador re-evaluate their tax position there.
    December 01 2010
  • HMRC pledges to close the tax gap
    HM Revenue and Customs in the UK in November released its 2011 – 2015 business plan aiming "to close the tax gap; to make our customers feel that the tax system is simple for them and even-handed; and to be seen as a highly professional and efficient organisation".
    December 01 2010
  • mihajlovic.jpg
    Income tax treaty with Denmark
    Slobodan Mihajlovic Zoe Kokoni The income tax treaty with Denmark, concluded October 11 2010, will enter into force following the ratification by both countries. Once in force, it will replace the previous treaty from 1981.
    December 01 2010
  • italy.jpg
    Italy explains treatment of debt into equity investments
    With the release of Circular 42/E, the Italian tax administration provided clarification regarding the methods of application of article 113 of the Italian Tax Code. Fulvia Astolfi and Antonella Prencipe of Hogan Lovells explain.
    December 01 2010
  • Canadian companies should brace for increased audits
    Canadian multinationals can expect to face more audits in the coming years as the Canada Revenue Agency (CRA) focuses on enforcement activity.
    December 01 2010
  • cov-puff.jpg
    The blurring lines in tax planning
    A company’s obligation to its shareholders is to minimise tax and a government’s, to its people, is to close the tax gap. Where does that leave tax planning? Sophie Ashley talks to government officials, taxpayers and advisers to uncover where the confusion lies in a changing environment.
    December 01 2010
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