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  • White & Case adds Prague partner
    The US firm has promoted Ales Zidek, who joined in 2002. Zidek handles M&A tax issues, concentrating on international taxation, private equity, and the energy and communications industries.
    February 28 2007
  • Chinese stock index falls in fear of capital gains tax
    A rumour about the introduction of a 20% capital gains tax was behind the Shanghai stock market's biggest drop in a decade. Shares plummeted on China's biggest index by nearly 9% on Tuesday.
    February 28 2007
  • UK companies complain of FIN 48 ambiguity
    FIN 48 rules do not achieve their aim and are too subjective, according to UK companies.
    February 28 2007
  • New head for IRS department
    Eileen Mayer will move from her role as Office of Fraud / Bank Secrecy Act chief to become head of the Criminal Investigation Division. Mayer came to the IRS in January 2006 after 19 years at the US Attorney's Office in Washington, DC. She was deputy chief of the criminal division.
    February 28 2007
  • VAT slashed in Venezuela
    Hugo Chavez, Venezuela's president, has announced a reduction in VAT.
    February 28 2007
  • Taxpayers miss out on day in Supreme Court
    The US Supreme Court has refused to adjudicate in two cases that centre on the economic substance doctrine of the Internal Revenue Code.
    February 28 2007
  • Singapore cuts corporate tax, raises GST
    Singapore will slice two percentage points from the corporate rate, which will fall to 18%. Goods and services tax will rise by the same amount, from 5% to 7%.
    February 28 2007
  • Thompson & Knight strengthens Dallas group
    The law firm has elected Robert Probasco to its partnership. Probasco deals mainly with IRS audits and appeals, as well as tax litigation.
    February 28 2007
  • Israel tax head ousted as scandal flares
    Jacky Matza, head of the Israel Tax Authority (ITA), has resigned following an investigation into departmental wrongdoing.
    February 28 2007
  • KPMG boss to move on
    Sir Michael Rake, KPMG's International's chairman, is to take over at BT, a UK telecoms company. Rake succeeds Sir Christopher Bland in September 2007.
    February 28 2007
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