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  • 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.
  • Transaction specialist Pierre-Pascal Bruneau joined the firm from Slaughter and May's Paris office, where he was a partner for more than10 years.
  • The Chartered Institute of Taxation said it wants more legislation and less guidance from HMRC in a paper called Tax Reform Commission Evidence.
  • 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.
  • 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.
  • Sixth VAT Directive – Article 11(A) – Taxable amount – Motor vehicle registration duty.
  • The bill, which Parliament received on March 13, covers depreciation, payment dates alignment, fringe benefits tax and miscellaneous provisions. It is thought that Parliament will pass the bill before April 1 as this is the date when many of the bill's provisions become law.
  • 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
  • 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.
  • Ireland and the Netherlands were the runaway winners in a KPMG-conducted survey of tax competitiveness. KPMG polled senior tax executives from 50 large UK companies.