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  • UK authorities set to pay out millions after Scientology win
    After a court awarded the Church of Scientology over £4 million ($7.5 million), HM Revenue & Customs is likely to have to give several million to companies owed VAT rebates. HM Revenue & Customs had originally said that they would not acknowledge VAT claims from over three years ago. But the Court of Appeal ruled in February 2006, in a case brought by businessman Michael Fleming, that companies could take claims back to when the tax was introduced.
    August 14 2006
  • New Zealand opposition minister calls for corporate tax reform
    John Key, a former investment banker and member of parliament for the National Party, said changes to the taxation of foreign investment, breaks for R&D costs, a lower corporate tax rate, and lower levies for start-ups in high growth industries should all be investigated to make New Zealand more competitive.
    August 14 2006
  • Russia reduces Yukos tax bill
    A Moscow court has knocked $1.5 billion off the tax bill that made the oil company go bankrupt. The court reduced the bill from $13.2 billion to $11.7 billion.
    August 14 2006
  • KPMG win Californian arbitration appeal
    A US appeals court ruled that the case between Paul Reddam and the accounting firm could be arbitrated rather than heard in court. The case involves Reddam's purchase of a tax shelter which left him with a $52 million tax bill.
    August 14 2006
  • Senate subcommittee makes hedge-fund tax shelter claim
    The permanent subcommittee on investigations has said Quellos Group, a hedge fund company, is a maker and seller of abusive tax shelters.
    August 14 2006
  • Deloitte Dutch desk due a September start
    Deloitte will open the desk in New York on September 12 with an initial staff of seven. Peter Willeme, the head of the firm's international tax practice in Amsterdam, will lead the staff.
    August 14 2006
  • New vice-president for tax software company
    Dan Filby has become vice president of global field operations for Planitax, a company which designs software for corporate tax departments.
    August 06 2006
  • Fulbright partner leaves for US Treasury role
    Bill Bowers, a partner at Fulbright & Jaworski, will become senior counsel at the office of the assistant secretary for tax policy on September 5.
    August 06 2006
  • Ernst & Young Ireland gets two new tax partners
    Aidan Walsh becomes a tax partner in the financial services group, Jarlath O'Keefe in indirect taxes.
    August 06 2006
  • Most US businesses will beat e-filing deadline, according to KPMG survey
    The KPMG survey reports that about 65% of businesses required to e-file this year, will do so by August 31, more than a fortnight before their returns are due. This follows advice from the Internal Revenue Service for companies required to e-file to do so early. All companies with at least $50 million of assets and at least 250 filed tax returns are required to e-file their 2005 returns by September 15.
    August 06 2006
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