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  • French parliament to meet in special session to review tax reform
    President Nicolas Sarkozy is calling a special session of the French parliament in late June to debate sweeping tax forms.
    May 30 2007
  • Stamp duty hike sends warning to Chinese investors
    China's tripling of stamp duty on shares is a signal that the government will act to cool what it perceives as the overheating the mainland's two stock markets.
    May 30 2007
  • Sidley Austin slapped with $39 million penalty
    The Internal Revenue Service has fined law firm Sidley Austin $39.4 million for advice it gave on tax shelters.
    May 30 2007
  • Singapore offers tax breaks on LNG trading income
    Singapore, Asia's biggest oil trading centre, has announced tax breaks on income from liquefied natural gas (LNG) and carbon emission transactions to encourage overseas companies to invest in the city-state.
    May 30 2007
  • Flaherty loses respect of tax community
    The fallout from Canadian federal finance minister Jim Flaherty's dramatic about-turn on the interest deductibility budget proposal has left his reputation in tatters.
    May 30 2007
  • Four face tax shelter charges
    Two Ernst & Young (EY) partners, along with two former employees of the big-four firm, were arrested May 30 for fraud. Martin Nissenbaum and Richard Shapiro have been on leave from the firm since 2006. Robert Coplan, and Brian Vaughn, who left in 2004 and 2003 respectively, also face charges.
    May 30 2007
  • 100% increase in Nigerian VAT angers private sector
    The Nigerian government's increase in VAT from 5% to 10% has prompted a backlash from the country's private sector.
    May 30 2007
  • India considers international tax tribunal
    India's Income Tax Appellate Tribunal (ITAT) may set up a separate bench to deal with an expanding workload of international tax disputes.
    May 29 2007
  • Mayer Brown adds two in tax
    The US law firm's London office is set to benefit from the appointments of James Hill and Michael Cashman. Hill, who starts on June 4, deals with M&A, corporate finance, group reorganisations, and venture capital investments. He joins from Morgan Lewis & Bockius. Cashman joins from Wilmer Hale on June 18. He advises on company listings, M&A and private equity transactions, UK/ US company restructurings, and the establishment of US business operations in the UK and Europe.
    May 22 2007
  • FII case falls at final hurdle
    The taxpayer has lost its last chance to reverse a UK court decision in a test case over franked investment income and advance corporation tax (ACT).
    May 22 2007
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