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  • Bill Clinton joins in calls for oil tax
    Bill Clinton, the former US president, made a speech supporting Proposition 87 – a tax aimed at reducing oil use in California. Clinton was speaking to students and staff at the University of California at Los Angeles on October 13. California will vote on the proposition on November 7.
    October 16 2006
  • E-filing becomes mandatory in India
    Palaniappan Chidambaram, India's finance minister, said that businesses working in India must now e-file income tax returns. The deadline for last year's returns is October 31.
    October 16 2006
  • UK institute wants taxpayers' charter
    The Chartered Institute of Directors has called for Gordon Brown, the UK's chancellor of the exchequer, to introduce a taxpayers' charter of rights and duties in next April's budget.
    October 16 2006
  • Ceteris opens Washington DC office
    Grant Clowery, a transfer pricing specialist, has set up consultancy firm Ceteris' Washington DC office.
    October 16 2006
  • UK authority issues Indofood case guidance
    Her Majesty's Revenue and Customs issued guidance notes on the case between Indofood, a Thai food company, and JPMorgan Chase, a bank, following a Court of Appeal judgement in March. The case concerns Indofood's redemption of bonds sold through a Mauritian special purpose vehicle because of the withholding tax rate increasing above 10%. JPMorgan Chase, the bond trustee, argued that Indofood should have honoured the bonds and moved them to a Dutch special purpose vehicle to avoid the higher withholding tax.
    October 16 2006
  • German finance minister announces change in withholding tax plans
    Finance minister Peer Steinbrueck said Germany probably will increase the withholding tax rate to 25% a year later than expected in 2009. Germany originally proposed a top 30% rate for 2008.
    October 16 2006
  • Grant Thornton gets new tax head
    Rob Withecombe has become head of tax at Grant Thornton's London office. Former incumbent Ian Evans is now global head of tax, a newly created position, of Grant Thornton International.
    October 16 2006
  • Tax revenues increasing, according to OECD data
    OECD member economies have seen a rise in tax revenues because of strong economic growth according to the organization's Revenue Statistics publication. The revenue rises come in spite of lower tax rates.
    October 16 2006
  • New tax head for UK tax specialist
    Jim Jooma has joined MRI Moores Rowland, a London-based firm of tax and accounting advisers, as head of tax.
    October 09 2006
  • Microsoft VP steps down
    Mike Boyle, corporate vice president of finance at the world's largest software company and a former president of the Tax Executives Institute, will leave at the end of this month to spend more time with his family. Bill Sample will replace Boyle.
    October 09 2006
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