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Two new partners and two associates have joined Hiscock & Barclay, a firm in New York state

An EU parent company that has to pay withholding tax on dividends received from a subsidiary located in another EU jurisdiction, when a parent company in the same jurisdiction as its subsidiary is not subject to withholding tax, is a victim of an abuse of freedom of establishment, according to an advocate-general of the European Court of Justice in the Denkavit case

Binne Vries has joined International Fiscal Services as a senior tax consultant. He will advise IFS' blue-chip client base, consider inter-jurisdictional acquisitions and contractual arrangements, and develop new international corporate business clientele. He previously worked for Loyens & Volkmaars Tax Attorneys, Pepsico, Enron Europe and, most recently, was head of global taxation at IMP

The Business Roundtable, which represents 160 chief executives from America's leading companies, has urged Congress to extend the dividends and capital gains investment incentives contained in H.R. 4297, the pending tax reconciliation legislation.

The management of special investment funds is exempt from VAT, according to the European Court of Justice's ruling in the Abbey National case. Depositary services are still taxable, however. Jeremy Woolf of Pump Court Tax Chambers, instructed by Cameron McKenna, argued the case for Abbey National. "A serious fiscal obstacle to efficient outsourcing will be removed and this will further open Europe up as a market for the funds industry," said Peter Mason, the Cameron McKenna consultant who led the team advising Abbey

Peer Steinbrueck, the German finance minister, has denied claims by Sueddeutsche Zeitung, German newspaper, that the government is planning to bring forward corporate cuts. The paper claimed that Steinbrueck said he wishes to accelerate the pace of corporate tax reform to defeat competition for investment from the new Eastern European member states from the EU. Steinbrueck, however, insists that the changes will go ahead "as planned in 2008"

Sixth VAT Directive – Article 13B(d)(6) – Management of special investment funds – Exemption – Meaning of ‘management’ – Functions of a depositary – Delegation of administrative management function.

Sixth VAT Directive – Article 28 – Reduced rate taxation (zero-rate) – Supply of caravans – Contents supplied with them being excluded from the zero‑rate.

Freedom of movement for persons – Freedom of establishment – Law on controlled foreign companies – Attribution to the parent company of the profits of its subsidiary established in another member state as those profits arise – Obstacle – Justification – Counteraction of tax avoidance.

Laurence Toxé has become a partner on of Norton Rose in Paris. Toxé specializes in M&A, LBOs, venture capital, collective investment, media and corporate structuring, sector focus international corporate finance and financial institutions.