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  • Free movement of capital – ‘Golden shares’ held by the Netherlands State in KPN NV and TPG NV.
  • The three advisers - Stephanie Pantelidaki, Martin Zetter and Andrew Boyle - joined the London office of Baker & McKenzie from LECG on March 30. Pantelidaki will be an assistant director, Zetter a senior consultant and Boyle an economist.
  • David Noren, Legislation counsel on the US Joint Committee on Taxation, joined McDermott Will & Emery's Washington DC tax practice on March 29. Noren joined the committee in 2001 and during his tenure advised the House Ways and Means and Senate Finance Committees.
  • James Hardie, a building materials and building products company, has been hit with an assessment of A$412 million ($295 million) for 2006 by the Australian Taxation Office. The company said the amended assessment concerned an internal corporate restructure of the James Hardie Group in 1998 ahead of the proposed initial public offering of 15% of a European subsidiary on the New York Stock Exchange, a transaction that did not go ahead
  • The former head of the avoidance intelligence unit Ray McCann has joined the big-four firm's tax investigations team. McCann has 30 years experience at HMRC and the Inland Revenue. He has held senior positions in the large business service, special compliance office and special investigations section.
  • Former KPMG San Diego tax partner David Rivkin has agreed to cooperate with the US government after pleading guilty to one count of conspiracy and one count of evasion on March 27. Authorities have charged 17 ex-KPMG people as well as a lawyer and an investment insider with setting up bogus tax shelters.
  • The authorities are asking for company's opinions on the review of powers, deterrents and safeguards. Companies have until June 23 2006 to respond. The review includes responses given in March 2005, when the first stage of the public consultation began.
  • John Neighbour, who was head of the OECD's tax treaty, transfer pricing and financial transactions division, has become a partner at KPMG's global transfer pricing department. Before his move to KMPG which was announced on April 3, Neighbour was at HMRC.
  • The Business Council of Australia said that while the government review of tax competitiveness was helpful, there should be a long-term strategy so that the tax regime remains internationally competitive.
  • The federal finance minister Jim Flaherty said that the cut won't be passed in his first budget. The Conservative government had said they would get rid of the tax on asset sales if the gains are re-invested within six months. Flaherty made the announcement at a speech to a Chamber of Commerce in British Columbia, Canada made on March 27.