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Getting the tax right

The right tax structure is essential to commercial property deals. Bruno Schefer, chief executive officer of the Swiss property investor, Züblin Immobilien, tells Ralph Cunningham how his company obtains and uses the best tax advice

March 02 2005

Restructuring and VAT: Mind the traps

Taxpayers must pay attention to value-added tax issues when dealing with restructurings in Switzerland, warn Michaela Merz and Tobias Meier Kern of PricewaterhouseCoopers

March 02 2005

Switzerland maintains key position in transfer-pricing

Transfer pricing is central to the realization of defensible, efficient business models, value-chain designs, and corporate-tax optimization planning, as well as opportunities for M&A, argues Norbert Raschle of PricewaterhouseCoopers

March 02 2005

Amendments to corporate tax system lack breadth

A second round of corporate tax reform is on the way. Current proposals are of limited scope, points out Marcel Widrig of PricewaterhouseCoopers

March 02 2005

ECJ to revisit the old thin-capitalization rules

In December 2002 the European Court of Justice (ECJ) held that the German thin-capitalization rules (section 8a Corporate Income Tax Law or CITL) as in force through 2003 (old thin-capitalization rules) violated the freedom-of-establishment clause of the European Community Treaty (article 43 EC Treaty) when applied to shareholders resident in EU member states. As a result, the German government enacted new thin-capitalization rules for fiscal years beginning after December 31 2003.

March 01 2005

Three-year transition announced for IFRS and thin capitalization

The International Financial Reporting Standards (IFRS) came into effect in Australia on January 1 2005. It was clear some time ago that these new accounting standards would impact directly on Australia's thin-capitalization rules, which seek to limit interest expense deductions for certain taxpayers that exceed certain debt-to-asset ratios. This is because the thin-capitalization safe harbour calculation is made with reference to accounts prepared in accordance with Australian accounting standards.

March 01 2005

Directive transforms collateral rules

The implementation of the EU Collateral Directive in Belgium has exposed its inefficiencies, point out Koen Vanderheyden and Julie Gabriel, of Lawfort

March 01 2005

Venezuela closes Coca-Cola and McDonald's outlets over tax records

Venezuela's campaign against corporate tax irregularities has got tougher. The country's tax authorities (Seniat) closed down Coca-Cola Femsa distribution and bottling centres, just a week after closing down all of McDonald's fast-food restaurants in the country for three days.

March 01 2005

Bush's tax reform panel asks for input

The panel's brief President Bush set up the bipartisan panel in January with a brief to deliver a report to the secretary of the Treasury with revenue-neutral policy options that:

March 01 2005

Government tax specialists set up consultancy firm

Barbara Angus: room for a firm with people of our experience Two senior US government tax officials, Barbara Angus and Gregory Nickerson, have left public service to set up their own tax consultancy firm. Angus & Nickerson opened for business in Washington, DC on February 7 2005.

March 01 2005

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