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  • Tax reconciliation conference to start on February 3
    According to reports, the US Senate-House conference to agree on tax reconciliation legislation will begin on February 3
    January 30 2006
  • Authorities publish Reits rules for groups
    The UK government has updated its draft legislation on real estate investment trusts as it relates to groups of companies. Written responses are due by February 10
    January 30 2006
  • MPs ask for statement on anti-avoidance rule
    In its report on the chancellor's pre-Budget report, the UK House of Commons' Treasury Committee has called on the Treasury to state if it intends to introduce a general anti-avoidance rule
    January 30 2006
  • HMRC and MFI settle VAT dispute
    The UK's tax authorities are to pay MFI, a household furnishings company, £21.8 million ($38.7 million) to settle a value-added tax dispute over insurance-backed structural guarantees.
    January 30 2006
  • Law firm caught up in tax shelter enquiry
    Three lawyers at Jenkens & Gilchrist, a Dallas law firm, are being investigated in a widening of the probe into illegal tax shelter transactions in the US, according to the New York Times
    January 30 2006
  • US business urges tax reform
    The Business Roundtable, an association of chief executives from leading US companies, has called for corporate tax rate cuts to help US business.
    January 30 2006
  • Common tax rules form part of Austria's EU plans
    EU's finance ministers could be given the chance to comment on the European Commission's work on a common consolidated tax base before the end of June, said Karl-Heinz Grasser, Austria's minister of finance, when he presented Ecofin's work programme for his country's EU presidency to the European Parliament's economic and monetary committee on January 23. Austria holds the EU presidency for six months until July 1.
    January 30 2006
  • Final IRS guidance on mergers
    The US IRS has published final regulations on statutory mergers and consolidations
    January 30 2006
  • Tax professionals are hot, says Deloitte chief
    "Tax issues have gone from being virtually neglected to being the epicentre of how business gets done", Chet Wood, the chairman and chief executive of Deloitte Tax in the US, has told accounting students at the University of Connecticut's School of Business
    January 30 2006
  • Think-tank queries UK corporate tax rate
    In its Green Budget 2006, the UK's Institute of Fiscal Studies has questioned whether the UK can maintain its corporate tax rate of 30% and remain attractive to international investors if the trend in corporate tax rates in other EU member states continues to be downward. The IFS' green budget is its assessment of the options available to the chancellor in his annual budget
    January 30 2006
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