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The Russian tax authority has said that it is pressing charges against PricewaterhouseCoopers Russia because of the firm's handling of now-bankrupt oil company Yukos's audit in 2002.

American businesses are waiting to see whether rumours of changes to the way they are taxed will become reality after the Democratic takeover of the US Congress.

French President Jacques Chirac has suggested that the corporate tax rate could tumble from 33% to 20% in the next five years. He made the comments in his New Year speech. The cut could revive the ailing economy and encourage new investment in the jurisdiction.

The Venezuelan tax agency (SENIAT) has demanded payment of around $880,000 in back taxes from an oil operation partially controlled by France's Total SA and Norway's Statoil.

In a move to expand its tax controversy practice, McDermott, Will & Emery has raided Miller & Chevalier in Washington, DC.

Marc Gerson, former majority tax counsel to the Ways and Means Committee of the US House of Representatives, has become a member of the tax department of Miller & Chevalier in Washington, DC. He will also join the tax legislative practice of the firm's government affairs department. Gerson acted as staff liaison to the members of Ways and Means, the Senate Finance Committee, the Joint Committee on Taxation and the Treasury and participated in the framing of all the significant tax legislation of the 109th Congress.

Following years of speculation, China looks set to pass a bill unifying the tax codes for foreign and domestic companies in 2007 with a merged code coming into force at the beginning of next year.

Canadian finance minister Jim Flaherty has said Canadian income trusts, which can avoid taxes on profit distribution, will be allowed to double in size between now and 2011.

A report on interest deductibility has found that UK multinationals would consider a reduction in relief on payments so long as it was matched with an equal cut in the tax levy on interest received.

A Democrat and a Republican are working together to spur US tax reform. Noam Neusner and Lawrence Haas, both communications directors to the Budget offices of George W Bush and Bill Clinton respectively, have endorsed together a consumption-based tax system in the US. Neuman and Haas said a consumption-based tax would "please conservatives who believe a consumption tax would spur savings and investment, as well as liberals who think the nation needs more revenue to strengthen Social Security and Medicare," in an article for the Baltimore Sun.