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  • 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
  • Change required for FBT
    TN Pandey, a former chairman of India's Central Board for Direct Taxes, has said the country's fringe benefits tax should be reformed rather than scrapped
    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
  • 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
  • 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
  • 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
  • Tax Court decides for taxpayer in timely filing case
    The US Tax Court has ruled that the Internal Revenue Code does not prevent a foreign corporation that does not file its tax return in time from making deductions
    January 30 2006
  • CBI Scotland rejects low corporate tax rates plan
    The director of the Confederation of British Industry in Scotland has dismissed the idea that an Ireland-style low corporate tax system could be introduced there.
    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
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