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  • New tax group aims to take on the world
    Representatives of the member firms of Taxand An alliance of tax firms has come together in Europe, India and the US to provide their clients with independent tax advice on international tax. Taxand will be a non-exclusive network of tax firms which will work with each other when possible.
    March 31 2005
  • Cravath hires new tax partner
    Andrew Needham, a former tax partner at Willkie Farr & Gallagher, has become Cravath, Swaine & Moore's first lateral hire for 62 years. His move is the first time since 1943 that Cravath, Swaine & Moore has recruited a partner from outside the firm. Needham has advised clients including Zurich Insurance Company, Midamerican Energy Holdings and Teva Pharmaceuticals. He will join his new firm on April 4 2005.
    March 31 2005
  • Altria hires Nestle's international tax counsel
    Fabio De Angelis has moved to Altria as senior European tax counsel, where he will be responsible for Eastern Europe, the Middle East and Africa and the company's duty free business worldwide. For the last five years he has been international tax counsel for Nestle. De Angelis is the current president of the European chapter of the Tax Executives' Institute.
    March 31 2005
  • KPMG puts focus on Irish tax advice
    KPMG, an accounting, tax and advisory firm, has set up an Ireland Tax Centre of Excellence to help US companies with operations in Ireland and those that are thinking of setting up a base there. The centre of excellence will also provide tax services to Irish companies that have invested in the US.
    March 31 2005
  • Budget reduces corporate tax rate
    The minister of finance delivered his Budget speech to Parliament on February 23 2005. The Budget was reasonably expansionary, with additional funds being spent on social welfare and infrastructure development.
    March 31 2005
  • 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.
    March 31 2005
  • Industry body opposes proposed Filipino tax hike
    The Philippine Chamber of Commerce and Industry (PCCI) has opposed a government tax proposal that would increase corporate income tax from 32% to 35%.
    March 31 2005
  • Tax rates fall in federal Budget
    The second Budget of the Martin government, and the first of his minority government, was designed to appeal to voters with broad spending in numerous areas.
    March 31 2005
  • gleeson-apr05.jpg
    Ireland is securitization's rising star
    The tax features of securitizing assets through Ireland give the country many advantages in establishing a worldwide reputation for this type of transaction, argue Enda Faughnan and Harry Gleeson of PricewaterhouseCoopers
    March 23 2005
  • ireland-1-mar05.gif
    The Irish solution to the asset pooling dilemma
    A new regime for common contractual funds is on the way in 2005. The tax and legal changes are expected to be in place by April, according to Deirdre Power of Deloitte
    March 23 2005
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