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  • Win first prize in end-of-year quiz!
    Demonstrate your knowledge in our test on the tax issues that matter
    December 01 2005
  • Six-month extensions made simpler for US taxpayers
    US taxpayers will be able to request an automatic, six-month tax-filing extension for certain business returns from January 1 2006. Businesses will be able to request a six-month tax-filing extension, without a reason or signature. This simplifies the existing two-step process, although a tax-filing extension does not alter the tax-payment deadline.
    December 01 2005
  • Congress clears tax cut reconciliation Bills
    The US House of Representatives finally caught up with the Senate in the first week of December, passing its own form of tax cut reconciliation legislation. The Senate had passed its own version before the Thanksgiving recess in November.
    December 01 2005
  • Indian government grants tax relief to airlines
    The Indian government has extended the withholding tax exemption for airplanes until March 31 2006, after Indian airlines made a representation stating that this would make leasing of aircraft from foreign companies more economical. The extension will reduce the cost of leasing aircraft and engines from foreign lessors by up to 40%.
    December 01 2005
  • China proposes business tax reduction for banks
    China's banking regulator has proposed a reduction in business tax for banks. Liu Mingkang, chairman of the China Banking Regulatory Commission, also suggested that there should be a single income tax system for domestic and foreign institutions. Business tax for domestic banks is 5% of their total revenue, with income tax at 33% of profit. This figure is only 15% for foreign financial institutions.
    December 01 2005
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    Ulhoa Canto, Rezende e Guerra
    December 01 2005
  • tronynature-dec05.gif
    Tron y Natera, S.C.
    December 01 2005
  • Former Cisco tax man joins Liquid Engines as adviser
    Glen Rossman, former vice-president of global taxation and customs at Cisco Systems, has joined the advisory board of Liquid Engines, which develops income tax management and planning software.
    December 01 2005
  • CHSH opens office in Bucharest
    Cerha Hempel Spiegelfeld Hlawati has opened an office in Romania in cooperation with Gilescu & Partenerii. The team comprises 11 attorneys.
    December 01 2005
  • Vodafone gets new head of tax
    Joel Walters took over as head of tax for Vodafone, a mobile phone service provider, on November 17. He replaces Lynne Patmore who left the company in the summer. Patmore joined RSM Robson Rhodes' London office in December as an international tax practioner.
    December 01 2005
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