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  • The US Treasury department and the Internal Revenue Service (IRS) published a report on August 2 detailing how they are implementing their strategy to improve voluntary compliance with federal tax laws
  • Sam Vanags has been made partner at the firm's Oxford, UK office with the aim of developing the R&D tax practice. Previously with KPMG, Vanags joined Grant Thornton in 2000 as a tax manager and created the R&D tax specialist group.
  • Indian finance minister P Chidambaram has indicated a reduction in corporate tax rates may soon happen.
  • Australia and Japan have agreed to revise a bilateral tax treaty in a bid to promote mutual trade and investment
  • The US House of Representatives has passed energy legislation that introduces tax incentives to encourage businesses and individuals to produce and use greener forms of energy
  • UK business organisations have challenged a proposal by a parliamentary committee to allow local authorities to vary local business rates
  • The OECD has removed the Marshall Islands from its list of uncooperative tax havens
  • Ed Kleinbard, a partner of Cleary Gottlieb Steen & Hamilton, has been appointed chief of staff of the US Congress's Joint Committee on Taxation
  • Laura Barzilai has become a partner in the New York office of Sidley Austin. She is a specialist in domestic and cross-border M&A, tax-free reorganisations, joint ventures, restructurings and other major corporate transactions, domestic and foreign securities offerings, and federal income tax controversy.
  • A UK parliamentary inquiry into private equity was always going to try to shine more light on its tax treatment than the industry would have wished