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  • Californian tax law scrapped after lobbying
    California was to introduce a law which UK business groups had said increased borrowing costs for the US subsidiaries of UK companies.
    September 25 2006
  • Over half a million US corporate tax returns filed electronically
    More than 12,500 large businesses – defined as companies with $50 million plus worth of assets - e-filed this year by the September 15 deadline.
    September 25 2006
  • Former Andersen partners start Argentine tax firm
    Guillermo Perez, who was a senior partner at Arthur Andersen and Ernst & Young, has set up GNP Consultores with ex-colleagues from Andersen.
    September 25 2006
  • 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
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