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  • toyota-logo-tiny.jpg
    Car-maker Toyota settles A$246.7 million dispute in Australia
    The company reported making a loss of A$107.9 million ($94 million) after being hit with a tax adjustment reportedly relating to intercompany transactions.
    July 11 2010
  • conocophillips-logo-tiny.jpg
    Norwegian authorities win interest level in cash pooling system case
    Helga Marie Andresen and Merethe Bryn of Deloitte in Norway discuss the court’s ruling in the landmark case of ConocoPhillips, which shifted the tax authority’s approach to evaluating whether Norwegian companies receive their part of the profit compared to the group as a whole.
    July 11 2010
  • Australia sets out tax compliance targets for financial year
    The Australian tax authorities have highlighted faster audits, stronger corporate governance and the taxation of financial arrangements as three of their top priorities for the upcoming financial year.
    July 11 2010
  • Cyprus rejects corporate tax rise
    The Cypriot parliament has rejected government plans to increase the corporate tax rate from 10% to 11% in a bid to tackle the country's deficit.
    July 11 2010
  • Tax loses seats for Japan's ruling party
    Tax is being touted as the reason why Naoto Kan, Japan's new prime minister, suffered heavy losses in elections for the upper house of Parliament on Sunday.
    July 11 2010
  • Noerr gets new joint head of tax
    Lutz Schmidt, a partner in Düsseldorf, will replace Stefan Hölzemann as joint head of Noerr's tax and private clients department. He joins Georg Edelmann, in Munich,in the role.
    July 11 2010
  • Spain raises VAT rate
    Spain's standard rate of VAT was raised on July 1 from 16% to 18% while the country's reduced rate went up by one percentage point 1% to 8%.
    July 11 2010
  • McClellan moves to General Electric
    Holly McClellan, a partner of Baker & McKenzie in Chicago, will join the corporate tax group at General Electric as transfer pricing leader, tax counsel, for treasury and capital markets on August 16.
    July 08 2010
  • Hubbard joins Fannie Mae
    Helen Hubbard, formerly a tax partner of Baker & McKenzie in Washington, DC, has joined the US Federal National Mortgage Association (Fannie Mae) as vice president and deputy general counsel for tax and benefits.
    July 08 2010
  • Procter & Gamble win on intercompany gross receipts
    A US federal court has ruled in favour of the taxpayer about how gross receipts are calculated for the research tax credit.
    July 08 2010
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