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  • UK taxation institute calls for end to ad-hoc law-making
    The Chartered Institute of Taxation said it wants more legislation and less guidance from HMRC in a paper called Tax Reform Commission Evidence.
    March 21 2006
  • Venezuela gives Total a day to pay
    Total, a French oil company, owes the Venezuelan tax authorities about $99 million from between 2001 and 2004. The authorities said non-payment would lead to fines, office closures and property seizures.
    March 21 2006
  • China's 5-year domestic tax revenue tops $96 billion
    Tax revenue collected from Chinese domestic companies was almost eight times the amount collected between 1996 and 2000, the State Administration of Taxation announced on March 13.
    March 21 2006
  • Debevoise Paris gets new tax partner
    Transaction specialist Pierre-Pascal Bruneau joined the firm from Slaughter and May's Paris office, where he was a partner for more than10 years.
    March 21 2006
  • De Danske Bilimportører v Skatteministeriet
    Sixth VAT Directive – Article 11(A) – Taxable amount – Motor vehicle registration duty.
    March 16 2006
  • Fidium Finanz AG v Bundesanstalt fur Finanzdienstleistungsaufsicht
    Free movement of capital – Freedom to provide services – Grant of credit by an undertaking having its registered office in a third country to residents of a member state – Requirement of prior authorisation in the member state in which the service is provided – Abuse.
    March 16 2006
  • Corporate tax cut wouldn't affect revenue
    The UK's Institute of Directors (IoD) has said that a 2% cut in the corporate tax rate could be paid for by ending tax relief and increasing economic activity. Though a reduction from 30% to 28% would cost the UK Treasury £3 billion ($5.2 billion), the IoD predicted cancelling 10 forms of tax relief would raise £2.7 billion and the increase in economic activity because of the cut would raise £300 million.
    March 14 2006
  • UK big business tax costs are double corporate rate
    A PricewaterhouseCoopers survey of most of the UK's top 100 companies has found that corporate tax payments account for only half of their £18 billion ($31.2 billion) tax bill. The rest is made up of other business tax payments, of which national insurance contributions, local business rates and irrecoverable VAT are the most costly.
    March 14 2006
  • HM Revenue & Customs reacts to phone card win
    The UK tax authorities have said that phone card distributors must pay VAT on UK sales if there was no VAT charge in the EU country of origin. HMRC were reacting to the Court of Appeal's favourable verdict against IDT card services
    March 14 2006
  • Firms chosen for US debt collection
    Three companies have been chosen for the first phase of the controversial privately-run tax debt collection initiative, the Internal Revenue Service announced on March 9
    March 14 2006
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