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John Snow, the US Treasury Secretary, has said that the reduced taxes on dividends and capital gains that the Jobs and Growth Act introduced in 2003 have been critical to the revival of business investment in the US since then.

Vispi Patel has joined RSM in India as head of its transfer pricing practice. He was formerly a member of Deloitte's global transfer pricing practice in Mumbai

The European Commission has adopted a communication which would allow allow SMEs to compute their company tax profits according to the tax rules of the home state of the parent company or head office. The Commission says it presents a possible solution to the compliance costs and other company tax difficulties that SMEs face when doing business across borders.

The scope for errors in VAT accounting and compliance is high and the penalties for getting it wrong are severe according to a new worldwide report on indirect taxes entitled "The Growing Burden?" by accounting firm Ernst & Young. According to the report, consumption taxes not only add to the tax burden of individual tax payers, they also have a significant and growing impact on the tax burden borne by corporations

Sixth VAT Directive; Article 2(1), Article 4(1) and (2) and Article 5(1); Deduction of input tax; Economic activity; Taxable person acting as such; Supply of goods; Transaction forming part of a chain of supply involving a defaulting trader or a trader using an unauthorised VAT number; Carousel fraud;

Sixth VAT Directive – Article 2(1), Article 4(1) and (2) and Article 5(1) – Deduction of input tax – Economic activity – Taxable person acting as such – Supply of goods – Transaction forming part of a chain of supply involving a defaulting trader or a trader using an unauthorised VAT number – Carousel fraud.

Directive 69/335 – Indirect taxes on the raising of capital – National rules taxing a (subsidiary) company by way of capital duty in respect of a contribution made by its parent company (the grandparent company) in favour of its subsidiary (a sub-subsidiary company) – Capital duty – Increase of capital – Payment ‘to the share premium account’ – Increase in the assets of the company – Increase in the value of shares – Provision of services by a member – Payment made by a member of a member – Payment to a subsidiary – ‘Real recipient’ – Levying of capital duty once only (in the Community) – Article 52 of the EC Treaty (now, after amendment, Article 43 EC) – Freedom of establishment – National practice exempting a (subsidiary) capital company from taxation only if its subsidiary (sub-subsidiary company) is also established in that member state.

Fintan Clancy has become a partner of Arthur Cox, an Irish law firm

Charles Elphicke has become a partner in the corporate tax and employee share incentives practice of Mayer, Brown, Rowe & Maw in London. He joins from Reed Smith.

Pierre-Pascal Bruneau is joining Debevoise & Plimpton's Paris office as a partner. Bruneau provides tax and structuring advice in complex domestic and cross-border transactions. His clients include leading private equity funds, financial institutions, and French and global corporations. He was previously a partner at Slaughter and May