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  • Russian officials have raided PricewaterhouseCoopers' Moscow office, looking for evidence that the big-four firm had acted illegally when advising Yukos, formerly Russia's biggest oil company.
  • Ed Balls, economic secretary to the UK Treasury, said that the government is to look into tax benefits available to private equity businesses.
  • Freedom of establishment – Free movement of capital – Corporation tax – Loan interest paid to a related company resident in another member state or in a non-member country – Interest treated as a distribution – Cohesion of the tax system – Tax avoidance.
  • Patrice Marceau has become a partner of DLA Piper in Hong Kong. In addition to corporate tax planning expertise, he also advises on litigation and on tax planning for high net-worth individuals.
  • Thierry Boitelle has joined Altenburger to head their Geneva tax practice. He was previously with Loyens & Loeff in the city. He advises US, Canadian and European multinationals on Swiss and international taxation, with a strong focus on inbound investment, headquarters, finance, holding, licensing, trading and captive insurance activities and M&A. His practice also includes advising high net worth individuals on tax and legal issues relating to emigration to Switzerland.
  • Bear Stearns, a financial services company, has appointed Jeffrey Farber as senior vice president – finance, which will make him responsible for tax and global procurement. He has been controller and principal accounting officer since January 2004. He joined Bear Stearns in May 2000 as assistant controller from Deloitte, where he was an audit partner.
  • The European Court of Justice (ECJ) has made a landmark decision in Meilicke, a case involving the treatment of foreign dividends.
  • GlaxoSmithKline has reported a number of unresolved tax issues around the world at the same time as its effective tax rate edged up in 2006.
  • Article 104(3), first subparagraph, of the Rules of Procedure – First and Sixth VAT Directives – Facts pre-dating the accession of the Republic of Poland to the European Union – Jurisdiction of the Court.
  • Google announced in its annual report that the Securities and Exchange Commission (SEC) is examining the company's income-tax accounting methods, with the two sides still to resolve the nearly year-old dispute.