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  • Accounting firms may merge in Canada
    Grant Thornton and BDO Dunwoody have agreed to discuss a merger as they seek to become more competitive with the big-four accounting firms.
    April 15 2007
  • Canadian Budget proposal deplored
    Canada's biggest business group, the Canadian Chamber of Commerce, is warning that a controversial Budget measure to abolish the deductibility of interest incurred when investing abroad could cost the private sector C$2 billion ($1.8 billion) a year.
    April 15 2007
  • Royal Dutch Shell pays out in Venezuela
    Royal Dutch Shell has paid the Venezuelan tax authorities (the Seniat) $13.7 million in income taxes that went unpaid during the 2005 fiscal year. The Seniat said it charged Shell additional taxes because the company inflated some of its costs in the country.
    April 15 2007
  • New board member at the FASB
    The Financial Accounting Standards Board (FASB), which sets US accounting rules, has appointed Lawrence Smith. Smith, a former FASB staff member and partner at accounting firm KPMG, will serve for five years from July 2007 and is replacing Edward Trott who is retiring.
    April 11 2007
  • Allen & Overy makes up two in tax
    The law firm appointed a tax partner on each side of the Atlantic. In Paris, Mathieu Vignon joined the partnership, along with David Lewis in New York.
    April 11 2007
  • US business grasps e-filing
    More than 1 million US business taxpayers have filed their tax returns electronically so far this year.
    April 11 2007
  • Lovells elects three tax partners
    Domenico Borzumato from the Rome office, Düsseldorf-based Michael Dettmeier, and Philip Harle who works in London, will join the partnership.
    April 11 2007
  • Belgian patent regime improves on Dutch model
    Belgium's tax breaks for patent income are simpler, broader, and more cost-effective than those the Netherlands plans to introduce.
    April 11 2007
  • Chiltern clears decks for tax
    Chiltern, the UK member of the Taxand global alliance, will focus on tax advice when a restructuring has been completed.
    April 11 2007
  • Australian government admits tax code is too complex
    A report on business taxation in Australia has found that the country's business sector is being held back by a tax system which is inefficient and complicated.
    April 11 2007
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