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  • French authorities release draft disclosure rules
    The French tax authorities have released provisional rules similar to the US and UK disclosure laws as part of Prime Minister Dominique de Villepin's tax reform drive
    September 05 2005
  • The Philippines increases VAT
    The Philippine Supreme Court has reinstated a controversial tax law that removes indirect tax exemptions and paves the way for a planned 2% rise in value-added tax
    September 05 2005
  • Revenue wins Scottish depreciation judgment
    The House of Lords, the highest court in the UK, is likely to be asked to decide on two test cases concerning when companies should pay tax on profits after the Court of Session in Scotland ruled against a Scotch whisky distiller over the matter
    September 05 2005
  • Polish VAT refund survives veto
    The Polish lower house has unanimously defeated the president's proposed veto over the 15% value-added tax (VAT) refund on construction materials
    September 05 2005
  • IRS's DeNovio moves into private practice
    Nicholas DeNovio, former deputy chief counsel (technical) at the US Internal Revenue Service (IRS), has quit his job to move into private practice
    September 05 2005
  • KPMG settles IRS tax-shelter case for $456 million
    Last Monday, KPMG in the US settled with the Department of the Treasury and the Internal Revenue Service (IRS) for $456 million to prevent the firm's prosecution over tax shelters
    September 05 2005
  • Tax relief for software developers may have only temporary benefit
    By Marienne Shiota Munhoz and Murilo Mello, KPMG Tax Advisers, São Paulo
    August 31 2005
  • Municipal Income Law amended
    Investment partnerships or professional partnerships that do not register their business domicile will have to pay the municipal tax in the district corresponding to the domicile recorded before the IRS.
    August 31 2005
  • UAE considers introducing value-added tax
    Multinational companies with operations in the United Arab Emirates (UAE) could face higher tax bills after the country asked the IMF to help it to develop a value-added tax (VAT) system.
    August 31 2005
  • pie-chart-sep05.gif
    Asia tax executives want to get intimate
    Sed Crest finds out what is troubling tax executives in Asia and why they want a closer relationship with their tax advisers
    August 31 2005
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