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  • Ernst & Young bulks up controversy group
    Ernst & Young has announced several new partners in the firm's Canadian transfer pricing controversy practice, as well other senior hires around the world.
    March 31 2010
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    Former DLA Piper lawyer founds new firm
    Antonio Cuéllar Prats A former tax adviser with DLA Piper, Antonio Cuéllar Prats, has joined four other lawyers to set up Nicea Abogados in Madrid.
    March 31 2010
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    Temporary regulations address avoidance of section 304
    Edward Tanenbaum Tola Ozim The IRS has issued temporary regulations amending temporary Treasury regulations Section 1.304-4T regarding the use of controlled corporations to avoid the application of Code section 304. The prior and current temporary regulations aim to make it more difficult to avoid section 304 dividend treatment in transactions to which the section applies.
    March 31 2010
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    IRS proposes reporting requirement for uncertain tax positions
    Sean Foley Landon McGrew The Internal Revenue Service (IRS) recently announced that it intends to implement a new reporting requirement which would apply to certain business taxpayers taking uncertain tax positions within the meaning of FASB interpretation number 48, Accounting for Uncertainty in Income Taxes, an Interpretation of FASB 109 (FIN 48).
    March 31 2010
  • FTI Consulting hires former Treasury adviser
    Chris Wales, a former adviser on taxation to the chancellor of the exchequer in the UK, has joined FTI Consulting, a global business advisory firm, as a senior managing director in its economic consulting practice in London. He will help to develop the firm's combined economic and public policy division which advises multinational corporations and governments. He will also work closely with FTI's litigation division, principally on tax-related issues.
    March 31 2010
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    O'Melveny & Myers appoints new head of tax
    Brad Okun Formerly head of the firm's New York office, Brad Okun now leads the tax practice at O'Melveny & Myers.
    March 31 2010
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    Exchange of information – Mexico and Bahamas
    David Cuellar Francisco Zamora Following the current Mexico efforts to exchange tax information, on February 23 2010, Mexico and the Bahamas signed an Agreement for the Exchange of Information related to Tax Matters and its Final Protocol. The agreement should be a tool to facilitate exchanging information between the tax authorities of these countries.
    March 31 2010
  • Health Care Act sheds light on economic substance doctrine
    Following the highly contentious battle over health legislation and its subsequent enactment on March 23, President Obama on March 30 signed into law a health care reconciliation package including significant new tax provisions.
    March 31 2010
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    No time to talk tax
    A monthly commentary on the notable facts, figures and goings-on in the tax world.
    March 31 2010
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    Osborne Clarke hires Cologne partner
    Jens Kleinert Jens Kleinert has left Dewey & LeBoeuf to join Osborne Clarke as a partner in the firm's Cologne office.
    March 31 2010
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