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  • US regulators propose tighter rules for tax services
    The Public Company Accounting Oversight Board (PCAOB), the US accounting watchdog established following corporate scandals involving such as Enron and WorldCom, has released proposals that would for the first time ban firms from supplying certain tax avoidance schemes to audit clients.
    February 01 2005
  • China to keep tax help for foreign companies
    Multinational companies with operations in China will continue to benefit from the country's tax system after the Chinese government pledged to keep preferential corporate tax treatment for foreign businesses until at least 2007.
    February 01 2005
  • US boutique expands tax practice with big-four hires
    Berkowitz Dick Pollack & Brant (BDPB), a second-tier public accounting firm with two offices in the US state of Florida, has expanded its international tax practice with the hire of Cary Cabañas, a former KPMG international tax senior manager.
    February 01 2005
  • Debevoise & Plimpton appoints new tax head
    Burt Rosen, a senior tax partner at Debevoise & Plimpton, a US law firm, has been appointed head of the tax department. Rosen specializes in M&A and the tax aspects of capital markets transactions. Rosen replaced Bruce Haims, who stepped down to devote more time to his clients.
    February 01 2005
  • Transfer pricing specialist moves out of US Treasury
    Robert Kirschenbaum, formerly with the US Department of the Treasury, has moved to Baker & McKenzie, an international law firm. Kirschenbaum was the Japan case coordinator for the advance pricing agreement programme's competent authority negotiations.
    February 01 2005
  • PricewaterhouseCoopers loses transfer pricing specialist
    Darrin Litsky, a senior US transfer-pricing specialist, has become the latest in a string of high-profile hires for Baker & McKenzie. The international law firm has been expanding its global transfer-pricing capability with senior hires from big four rivals.
    February 01 2005
  • Baker & McKenzie announces Polish tax link
    The Warsaw office of Baker & McKenzie has announced the launch of Baker & McKenzie Doradztwo Podatkowe Sp z o o, a company set up to provide tax consultation services. The new company will operate from the law offices of Baker & McKenzie Gruszczy´nski & Partners.
    February 01 2005
  • IRS creates advance ruling programme for permanent establishments
    After years of promising such a step, the Internal Revenue Service (IRS) has issued Revenue Procedure 2005-12 revising its pre-filing agreement (PFA) programme to provide for advance rulings on whether a taxpayer has a permanent establishment (PE) or a US trade or business (USTB).
    February 01 2005
  • Tax reform on the way
    The Ministry of Finance announced a tax reform plan for 2005 on December 19 2004. The plan includes significant changes in the area of international taxation as follows:
    February 01 2005
  • Lords clarify law on taxing statutes
    Two important decisions on the judicial approach to the construction of taxing statutes were handed down on November 25 2004. The cases confirm the following points in connection with the construction of a taxing statute:
    February 01 2005
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