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  • Microsoft Ireland pays less than 10% corporate tax, says Irish newspaper
    Software company Microsoft's Irish subsidiary pays 9.9% corporate tax, according to a report in the Irish Independent newspaper from July 11. The report is based on Microsoft data given to the Irish Companies Registration Office.
    July 17 2006
  • Tax policy chief urges simplification
    In a statement to the Senate Finance Committee, Eric Solomon, the nominee to be US assistant secretary of the treasury for tax policy, said the US tax code needed to be simplified. Solomon also highlighted tax compliance as an important issue.
    July 17 2006
  • PricewaterhouseCoopers UK boosts tax partnership by 20
    Fourteen of the new partners are based in London. The new partners' specialist areas include corporate tax, transfer pricing, financial services, VAT and M&A
    July 17 2006
  • Charity wants tax havens to reveal banking information
    Christian Aid has said it wants banking secrecy eliminated from tax havens and for the UK to encourage its elimination after research found about £17 billion ($31 billion) went from Africa to the UK last year as a result of capital flight, defined as fund transfer from the wealth holders in one country to financial institutions in another.
    July 17 2006
  • George Quigley advocates Northern Ireland corporate tax cut
    Sir George Quigley, a businessman, has said that the Northern Ireland corporate tax rate should be cut to match the Republic of Ireland levy of 12.5%. Following calls for a cut by Ian Paisley - a prominent Northern Ireland politician –at the end of June, Quigley told Gordon Brown, the UK chancellor of the exchequer, that a tax cut would stimulate economic growth.
    July 17 2006
  • House of Lords wants ECJ ruling on Marks & Spencer VAT case
    The House of Lords, the upper house of the UK parliament, asked the European Court of Justice to make a preliminary ruling in the Marks & Spencer vs Her Majesty's Commissioners of Customs and Excise case on July 12. The case is about a disparity between VAT law in the UK and the EU.
    July 17 2006
  • VAT rebates expected following Condé Nast verdict
    UK businesses could get £100 million ($182 million) back after the Court of Appeal ruled that the UK's tax authorities should have let publisher Condé Nast claim for VAT overpayment for longer than the authorities allowed.
    July 17 2006
  • Ex-KPMG defendants to sue former firm
    The 17 former partners, including David Rivkin who pleaded guilty in March, are to sue KPMG for their legal fees after a judge said US prosecutors had pushed the big-four firm to withhold legal fees from the defendants. Judge Lewis Kaplan said this had violated the defendants' rights to a fair trial.
    July 17 2006
  • New head for KPMG's UK tax practice
    Sue Bonney, the current chief operating officer of KPMG's UK tax service line, will replace Colin Cook on October 1 as head of the practice, when he becomes chief executive of the UK firm.
    July 17 2006
  • New partner and special counsel for Cadwalader's London tax practice
    Adam Blakemore joins Cadwalader's London tax team from Allen & Overy as a partner. David Burke, formerly of Denton Wilde Sapte, has become a special counsel.
    July 17 2006
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