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  • Los Angeles-based international investment bank, Houlihan Lokey Howard & Zukin, released its transfer pricing growth strategy today, after aggressively hiring transfer pricing professionals from the big-four professional services firms, particularly Ernst & Young.
  • The American Bar Association (ABA) has appointed Reginald Clark, a partner of Sutherland Asbill & Brennan's tax practice in Atlanta, to the position of chair of the corporate tax committee in the section of taxation for 2005-2006. Clark's practice at Sutherland is focused on corporate taxation, M&A and restructuring. At the ABA he will be responsible for coordinating all the committee's activities.
  • Kenneth Simon, former vice president of taxes at Avon Products, has moved to a similar position at Herbalife, a global network marketing company that sells nutritional supplement and personal care products.
  • Ted Keen: Has yet to agree a departure date with KPMG Ballentine Barbera Group (BBG), the US-based transfer pricing boutique, is expanding into Europe with the hire of Ted Keen, KPMG's partner in charge of transfer pricing economics for Europe, the Middle East and Africa. Keen will make the switch after agreeing a departure date with KPMG.
  • Under the forthcoming comprehensive revision to the Japanese corporate law, the law establishing the limited liability company known as the Yugen Kaisha (YK), which is an eligible entity under the so-called check-the-box regulations (CTB Regulations) will be repealed.
  • VAT – Article 19 of the Sixth VAT Directive – Deduction of input tax – Property transactions – Goods and services used for both taxable and exempt transactions – Deductible proportion.
  • By Jim Yager, KPMG in Canada
  • By Dave Peterson, KPMG in Switzerland