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  • Section 404 to be relaxed
    Securities and accounting regulators have surrendered to pressure for a more flexible interpretation of Section 404 of the Sarbanes-Oxley (SOX) legislation.
    November 28 2006
  • IBSA cooperation takes root
    Brazil, India and South Africa have agreed to exchange information on tax matters in a bid to prevent avoidance.
    November 28 2006
  • Global network aims to provide answers for tax directors
    A new network has been launched to provide prompt planning solutions to in-house tax people around the world.
    November 28 2006
  • UK to close sale of lessor companies loophole
    The government announced on November 22 that it would introduce legislation to stop companies from taking advantage of Schedule 10 of the Finance Act on the sale of lessor companies.
    November 28 2006
  • Dorsey promotes litigation specialists
    Liesl Fichardt and Mitchell Moss, who have worked on some of the key UK tax cases that have reached the European Court of Justice as part of Dorsey & Whitney trials group in London, have become partners of the firm
    November 28 2006
  • British business call for tax cuts again
    The government should cut business taxes and simplify the system to improve the UK's international competitiveness, a survey of business leaders conducted before the Confederation of British Industry's annual conference has shown
    November 28 2006
  • UK films get Commission go-ahead
    The European Commission has approved the UK's film tax relief scheme as a legitimate state aid
    November 28 2006
  • New US-Belgium treaty unveiled
    Belgium and the US signed a new income tax treaty and protocol in Brussels on November 27. Features of the new agreement include the elimination of source-country withholding tax on dividends arising from certain direct investments and on dividends paid to pension funds, mandatory arbitration for certain dispute that the competent authorities cannot resolve within a specified period of time, measures against treaty shopping and improved exchange of information provisions
    November 28 2006
  • Belgium wins freedom of capital verdict
    The European Court of Justice (ECJ) has ruled that a member state can tax dividend income from a company established in another member state at the same rate as it taxes dividends from companies established in its own country without allowing for a tax deduction available in the other country
    November 22 2006
  • Varney Review cheers business
    UK corporate taxpayers will soon be able to find out the tax consequences of a transaction before the deal goes through, as a result of a proposal in the Varney Review
    November 21 2006
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