Search results for

A five-strong tax team has left DLF Avocats in Paris to join Kramer Levin Naftalis & Frankel's office in the same city. Rémi Dhonneur, who will become a partner, Philippe Mauduit, who joins as counsel, two associates and one other lawyer have made the move.

Heather Maloy has been appointed commissioner of the Large and Mid-Size Business division of the Internal Revenue Service in the US. She joins from law firm Skadden Arps Slate Meagher & Flom.

Gonçalo Falcão has joined Thompson & Knight as a partner in the tax practice in Rio de Janeiro. His international tax specialty is representing clients throughout Africa, including with petroleum tax assessments in Angola, and in setting up business structures in Angola and Mozambique.

Vincent Oratore has joined Ernst & Young in London as a partner in international tax services. He will be part of the financial services tax group, where he will advise clients on the tax implications of capital market transactions. Oratore was most recently managing director at Banque AIG in charge of US and foreign tax paid, cross-border transactions and dividends received deductions. He is the deputy president of the Chartered Institute of Taxation and is a qualified solicitor.

Edward Tanenbaum On August 19 2009, the Internal Revenue Service (IRS) and the Justice Department announced that they had reached an agreement with international bank UBS regarding the IRS' John Doe summons to obtain approximately 4,450 names of US taxpayers with accounts in UBS. The Justice Department had filed a petition in February 2009 seeking enforcement of the John Doe summons served on UBS in July 2008 that had asked for the names of as many as 52,000 US taxpayers with undeclared accounts at the bank. The principal terms of the settlement agreement are as follows:

Sean Foley Landon McGrew The IRS recently issued new guidance providing extended relief for late check-the-box elections. Under revenue procedure 2009-41, the IRS has extended the time period for requesting relief for a late check-the-box election to three years and 75 days after the requested effective date of the entity classification election. The new rules also extend relief to changes in entity classification. Under the old rules, relief was only available for initial entity classifications.

Ersun Bayraktaroglu Baran Akan Despite the turmoil in the global economy triggered by the mortgage crisis, real estate remains among the most popular investment areas around the world.

Carl Pihlgren In March 2009, the Swedish Supreme Administrative Court decided that the Swedish rules regarding group contributions (the Swedish tax consolidation system) in certain situations were incompatible with European Commission (EC) law. Based on this decision, the Swedish government has proposed new rules concerning so-called group deductions (deduction of losses in foreign subsidiaries).

Antonio Matute The Basque country (or more precisely, the Basque territories of Biscay, Alava and Guipuzcoa) and Navarra are the only Spanish regions which have powers to enact their own particular corporate income tax (CIT) regulations. Basque CIT regulations have many similarities with the CIT regulations applicable in the rest of Spain but also have some differences.

Suzanne Boers On Prinsjesdag (Dutch budget day), traditionally on the third Tuesday of September, the Dutch government presented its budget plans for 2010, including five Bills that make up the 2010 tax package. The Bills reflect the government's focus on stimulation and entrepreneurship. The essential points are: the stimulation of innovative entrepreneurship, boosting the cash flow for businesses with regard to the economic crisis, and the liberalisation of the participation exemption regime.