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  • Polish update: New incentives for service centres in special economic zones
    There has been significant change in Polish legislation on special economic zones (SEZs) that substantially increase their attractiveness to multinational investors
    April 16 2005
  • Mexican update: New rules for preferred tax regimes
    Until December 31 2004, Mexican tax law subjected Mexican taxpayers to immediate taxation on income generated indirectly in jurisdictions deemed to be tax havens
    April 16 2005
  • UK launches unified tax authority
    The UK government launched HM Revenue & Customs (HMRC), the new tax body formed after the merger of the old Inland Revenue and Customs & Excise on April 18 2005
    April 16 2005
  • EU sets date for Savings Tax Directive
    The EU Council of Economic and Finance Ministers (ECOFIN) announced last week that the EU Savings Tax Directive is ready to be introduced on July 1 2005. The announcement follows the ratification of agreements on savings tax with Andorra, Liechtenstein, Monaco, San Marino and Switzerland. ECOFIN ministers plan to meet on June 7 2005 to review any last-minute problems with the directive.
    April 16 2005
  • Tax institute formalizes Asian presence
    The Tax Executives Institute (TEI), a professional organization of business executives, has formally created an Asian chapter
    April 16 2005
  • German update: Draft guidance proposed on tax consolidation rules
    Germany's corporate and trade tax consolidation rules were significantly modified in 2003. In February 2005, the tax authorities released proposed administrative guidance on the new rules
    April 16 2005
  • Indian update: Government promotes tax changes in Budget
    The following are some of the significant tax proposals recently announced in the Union Budget. These proposals when enacted would be applicable for the tax year 2005/2006
    April 16 2005
  • Spanish update: What the tax overhaul will mean
    Corporates can expect some far-reaching changes in the tax arena in Spain. Among the initiatives recently announced, which will be embodied in legislative changes in the short term, reference may be made to the approval by the Council of Ministers on February 25 2005 of the first package of measures of the Plan for the Dynamization of the Economy
    April 16 2005
  • US tax panel chair reveals progress
    In a one-on-one interview with International Tax Review in Washington, DC, Senator Connie Mack, chair of the President’s Advisory Panel on Federal Tax Reform, revealed his thinking so far on proposals to amend the US tax system
    April 16 2005
  • Law firms expand German tax teams
    Baker & McKenzie, McDermott Will & Emery and Haarmann Hemmelrath have all expanded their tax groups in Germany by hiring tax specialists from accounting firms
    April 16 2005
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