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  • New Zealand corporate tax cut likely
    Michael Cullen, New Zealand's deputy prime minister and finance minister, predicted the business tax review that the government are now conducting would lead to a lower corporate tax rate. Cullen also said exporters were likely to see preferential levies.
    September 25 2006
  • Tax gap in focus for US
    The US Treasury has published a plan to deal with the tax gap.
    September 25 2006
  • ECJ rules against Portuguese territory's tax cut
    The European Court of Justice upheld an EU Commission verdict that tax cuts in the Azores islands in the mid-Atlantic went against EU law. Portugal had told the Azores it could cut income and corporate taxes to handle economic difficulties in 1999. The EU Commission said in 2002 that the tax cuts were illegal because they overcompensated for the economic difficulties.
    September 17 2006
  • ECJ Cadbury-Schweppes verdict damaging for governments across EU
    The European Court of Justice (ECJ) ruled that regarding Cadbury-Schweppes' Irish subsidiary, the UK's CFC rules contravene EU law on freedom of establishment. Unless the UK authorities can show that the motive test – part of the UK's current CFC rules relating to whether a subsidiary has real economic purpose– is in line with the ECJ judgment. Germany and Sweden may also have to change their CFC legislation to comply with the ruling.
    September 17 2006
  • US and Australian firms make alliance
    US firm Alvarez & Marsal and Australian-headquartered McGrath Nicol + Partners announced their affiliation on September 12.
    September 17 2006
  • Defence electronics supplier gets new corporate tax VP
    Jason Rinsky has joined DRS Technologies in New Jersey as senior vice-president, corporate taxation. He was with PricewaterhouseCoopers.
    September 17 2006
  • Lovells adds New York tax partner
    Lovells, a UK law firm, is boosting its tax strength in New York with the appointment of Jason Kaplan, formerly of Cahill Gordon & Reindel, as a partner
    September 17 2006
  • Former KPMG tax head joins tax software company
    Mike Lippman, ex-state and local taxes head at KPMG, is the new vice-president of the technical and strategic tax services division at Liquid Engines.
    September 17 2006
  • OECD plans co-operation strategy to counter cross-border avoidance
    The OECD's forum on tax administration said it will further develop a directory of aggressive tax planning strategies, examine the role of tax professionals from law and accounting firms in non-compliance, expand the 2004 corporate governance guidelines and improve the international tax training of officials to combat non-compliance. The forum met in Korea last week.
    September 17 2006
  • Authority pressure forcing companies to improve tax policy, according to KPMG head
    Loughlin Hickey, global head of tax at KPMG, said governments are collaborating more than ever before on tax matters to increase cross-border compliance but that companies leading the way in tax policy will see opportunities in this increased level of scrutiny. Hickey was speaking at a KPMG conference in Buenos Aires attended by representatives of multinational companies.
    September 17 2006
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