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  • PricewaterhouseCoopers in the dock over Yukos
    A Moscow court has agreed with city tax authorities that PricewaterhouseCoopers assisted Yukos in committing tax evasion. The decision cited that audit agreements between the two establishments between 2002 and 2004 were invalid and constituted illegal and unethical deals. PricewaterhouseCoopers may now face losing its license and employees could be prosecuted.
    March 22 2007
  • Commission develops anti-VAT fraud plans
    The European Commission is holding a conference in Brussels on March 29 to discuss a common VAT fraud strategy based on a communication issued in May 2006
    March 22 2007
  • Commission delays coordination centres decision
    The European Commission is extending the investigation in to the tax arrangements for Belgian coordination centres, to allow Belgium and other interested parties to present their observations following the European Court of Justice's decision in the case on June 22 2006.
    March 22 2007
  • Britain cuts corporate rate
    The UK chancellor of the exchequer has responded to taxpayers' urgings by cutting the corporate tax rate in the budget.
    March 22 2007
  • Cuatrecasas grabs new partner
    Joan Hortala has joined Cuatrecasas as head of tax in Barcelona. He was previously in charge of PricewaterhouseCoopers' Spanish tax desk in New York
    March 22 2007
  • US makes progress on guidance
    Significant guidance provisions in transfer pricing, inbound and outbound transactions and subpart F deferral matters are among the progress reported in the IRS' priority guidance plan update, issued on March 12.
    March 21 2007
  • China ends foreign tax breaks
    The National People's Congress (NPC), China's legislature, voted today to remove tax breaks for foreign companies.
    March 16 2007
  • Reemtsma Cigarettenfabriken GmbH v Ministero delle Finanze
    Eighth VAT Directive – Articles 2 and 5 – Taxable persons not established in the territory of the country – Tax paid in error – Arrangements for reimbursement.
    March 15 2007
  • UK corporate tax system faces more criticism
    The UK's most prominent business lobby, the CBI, think tank Reform, and Ernst & Young have warned that the UK's tax competitiveness is in decline and are demanding urgent action to rectify the situation.
    March 14 2007
  • Foley Hoag bags Boston partner
    Nicola Lemay joins the tax practice from WilmerHale.
    March 14 2007
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