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  • Former OECD tax division head joins KPMG London
    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.
    April 02 2006
  • Australian businesses want constant competitiveness review
    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.
    April 02 2006
  • Canadian Finance Minister hints at wait for capital gains tax cut
    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.
    April 02 2006
  • New tax changes to the company law
    The new Company Law, which includes many drastic and significant changes in corporate legal treatments, will be effective from May 1 2006. The tax reform plan for 2006 also includes the following changes related to the new Company Law.
    March 31 2006
  • Financial services investors win tax breaks
    On February 16 the Brazilian authorities issued Provisional Measure 281 (PM 281), which granted specific tax-breaks for foreign investors in the Brazilian financial market. The rules set forth by PM 281 can be summarized as follows.
    March 31 2006
  • Tax authorities revise input VAT on capital goods
    Referring to the ECJ case C-378/02 of June 2 2005 (Waterschap Zeeuws Vlaanderen), the Belgian VAT authorities has revised its position regarding the recovery of input value-added tax (VAT) incurred on capital goods that were purchased by a VAT taxpayer in his former capacity of non-taxpayer (Administrative Decision ET 110.412 of December 20 2005).
    March 31 2006
  • Winston & Strawn hires three tax partners
    In New York, Winston & Strawn has added Gregory Pavin, formerly at Thelen Reid & Priest, and Alexander Zakupowsky Jr from Edison Electric Institute and American Gas Association, two utility trade organizations. James Atkinson has joined the Washington practice from Miller & Chevalier. Pavin, Zakupowsky Jr and Atkinson all focus on energy industry tax issues.
    March 31 2006
  • ECJ rejects discriminatory German branch taxation
    In its CLT-UFA decision from February 23, the ECJ held that the freedom-of-establishment principle precludes charging the profits of branches and subsidiaries from other EU countries to differing rates under the old system of corporation tax.
    March 31 2006
  • hannes-apr05.jpg
    McDermott Will & Emery partner becomes US head of IFA
    Steven Hannes started his two-year term as president of the International Fiscal Association's (IFA) US branch in February. Hannes was a member of the US branch's executive committee and was also an IFA vice-president for Washington D.C. For McDermott Will & Emery, Hannes advises on the tax aspects of cross-border transactions and tax controversy.
    March 31 2006
  • The Revenue's latest moves
    Ireland is working on a number of double tax agreements, to further enhance its tax attractiveness.
    March 31 2006
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