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  • The European Commission (EC) is seeking political guidance from the European Council of Economy and Finance Ministers (ECOFIN) on the viability of two possible measures to combat VAT fraud. The Commission wants to tax intra-community supplies and introduce a generalised reverse charge system.
  • Philippe Derouin, a partner of Linklaters in Paris, is leaving in March to join Skadden Arps Slate Meagher & Flom in the same city. He advises clients on domestic and international tax, particularly in relation to M&A, corporate reorganisations, financial instruments, structured finance, project and asset financing and tax litigation.
  • Taiwan's cabinet has approved a proposal to cut corporate tax rates
  • Taxation – VAT – Council Directives 67/227/EEC and 77/388/EEC – National legislation laying down rules for refunds of excess VAT – Principles of fiscal neutrality and proportionality.
  • Mike Williams, the former director of international tax at the UK Treasury, has moved to a new role in the organisation. He has become head of personal tax and welfare reform within the budget, tax and welfare directorate. Mark Bowman, director of tax strategy and delivery in the same directorate will handle international tax now.
  • Sixth VAT Directive – Article 15(2) – Exemption for supplies of goods for export to a destination outside the Community – Conditions for exemption not fulfilled – Proof of export falsified by the purchaser – Supplier acting with due commercial care.
  • Alvarez & Marsal Taxand, the US member firm of the Taxand global network, has promoted 11 tax professionals to the position of managing director.
  • Sixth VAT Directive – Articles 11A(1)(a) and 13B(a) and (d) – Leasing – Artificial division of the supply into a number of parts –Effect – Reduction of the taxable amount – Exemptions – Abusive practice – Conditions.
  • Comprehensive order issued this week to implement documents law
  • Finnish law firm Borenius & Kemppinen, a member of the Taxand network, has elected Janne Juusela to the partnership. He specialises in tax issues related to M&A, corporate restructuring, private equity, international tax law and tax litigation.