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  • Treasury adds to guidance objectives
    The US Treasury has updated its Priority Guidance Plan for 2005-2006, which it unveiled in August 2005. Significant additions include a global tax shelter settlement initiative
    March 08 2006
  • Jersey blocks VAT advantage
    Jersey is to introduce a fulfilment policy which would prevent retailers such as Tesco and Amazon from avoiding value-added tax by selling products such as CDs and DVDs from the island to overseas customers, according to a government paper published on February 23
    March 08 2006
  • Minister proposes nationwide sales levy
    Palaniappan Chidambaram, India's finance minister has called for the introduction of a general sales tax from April 1 2010, in his 2006 budget statement.
    March 08 2006
  • Companies lack written tax policy
    Almost two-thirds of respondents (64%) at a recent PricewaterhouseCoopers event on tax risk management in the UK, said that their company does not have a written tax policy or strategy that is signed off by the board
    March 08 2006
  • Baker & McKenzie hires new tax specialists
    David Deck has joined Baker & McKenzie in Tokyo as a partner in the global banking and finance practice group. Formerly with Linklaters, he specializes in tax-based asset financing, securitization and private equity transactions. Daniel Cullen, who focuses on the federal income taxation of real estate transactions, international and domestic partnerships, joint ventures and structured finance transactions, has been elected to the partnership in the Chicago office.
    March 08 2006
  • Bill Thomas to retire from Ways and Means
    Bill Thomas, the chairman of the US House of Representatives' Ways and Means Committee, has announced that he will retire from Congress when his term comes to an end in November. Ways and Means is the main tax-writing committee in the House. See statement from John Snow, Treasury Secretary.
    March 08 2006
  • UK tax authorities will examine VAT cases
    After the European Court of Justice struck down VAT avoidance schemes in three UK cases, HM Revenue and Customs will review 175 related U.K. court cases by April 22.
    March 08 2006
  • New Zealand outlines tax policy priorities
    Peter Dunne, the New Zealand Minister for Revenue, revealed the government's tax policy work programme for the next few months at the annual conference of the country's branch of the International Fiscal Association. A review of business tax rules is on the agenda
    March 08 2006
  • Mazars takes over U2's accountants
    Mazars, Ireland's seventh-largest accounting firm, has bought OJ Kilkenny & Co, which counts U2 and Bryan Adams among its corporate and entertainment clients. The new firm intends to grow by providing financial, tax and business advice to specific industries, such as sport and entertainment
    March 08 2006
  • Transactional profit methods come under OECD's spotlight
    The OECD is to consult business on the application of transactional profit methods under the OECD transfer pricing guidelines.
    March 08 2006
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