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  • Taxation committee counsel joins McDermott Will & Emery
    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.
    April 02 2006
  • ATO demands more from James Hardie
    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
    April 02 2006
  • HMRC unit head joins PricewaterhouseCoopers
    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.
    April 02 2006
  • KPMG partner pleads guilty to conspiracy and evasion
    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.
    April 02 2006
  • HMRC consult business on work review
    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.
    April 02 2006
  • 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
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