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  • Tax lawyer becomes Freshfields' managing partner in Spain
    Miguel Klingenberg, who is the head of the Spanish tax department, will become the managing partner of Freshfields Bruckhaus Deringer's two Spainish offices on August 1.
    July 30 2006
  • New Zealand could cut corporate tax rate
    The government released a discussion document last week, which featured a range of options on how to change the business tax regime – including cutting the corporate tax rate from 33% to 30%. Michael Cullen, New Zealand's finance minister, said a corporate tax cut would make New Zealand's economy more competitive with Australia. Australia's corporate tax rate is now 30%.
    July 30 2006
  • US authorities release 'dynamic analysis' report
    The report details the effects of George W Bush's proposals to extend until 2010 certain types of tax relief brought in 2001 and 2003, including lower dividend and capital gains tax rates.
    July 30 2006
  • Davies gets new partner in New York
    Canadian law firm Davies Ward Phillips & Vineberg has expanded its New York practice with the hire of partner Abraham Leitner. Leitner was at Roberts and Holland before joining the firm.
    July 30 2006
  • Columbia plans lower corporate rate in exchange for VAT on basics
    Alberto Carrasquilla, Columbia's finance minister, proposed a corporate tax cut of six and a half percentage points from 38.5% to 32% on Friday. The cut would be financed by a new VAT levy on foods such as potatoes and rice. It is expected that there will be much opposition to the new levy because poverty is so high in the jurisdiction.
    July 30 2006
  • Polsinelli Shalton Welte Suelthaus boosts tax team
    Michael Cornett, a partner, and Douglas McHoney, a senior associate, joined the US mid-west firm on July 25. Before coming to Polsinelli, Cornett was at Miller & Chevalier and the Internal Revenue Service. McHoney practiced at PricewaterhouseCoopers, where he was an international tax services tax director.
    July 30 2006
  • Barbados lowers corporate tax levy
    Mia Mottley, Barbados's minister of economic affairs, said that the levy would fall by a fifth from 25% to 20%.
    July 30 2006
  • EU Commission starts VAT proceedings against four jurisdictions
    The European Commission has complaints about aspects of the VAT system in Germany, Greece, Ireland and Italy.
    July 30 2006
  • Duff & Phelps adds to transfer pricing practice
    Tim Reichert became managing director of Duff & Phelps's Denver transfer pricing practice on July 20. Reichert was at Ernst & Young before joining his new firm.
    July 23 2006
  • EU says no to German and Austrian reverse charge schemes
    The EU Commission has said the reverse charge schemes, which sought to cut VAT fraud, cannot be implemented because they are not in line with EU law.
    July 23 2006
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