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  • Omani update: Value-added tax discussion underway
    The government recently announced Oman's budget for 2005. The budget estimates a deficit of about $1.4 billion, which is based on a conservative oil price of $23 per barrel
    January 31 2005
  • Japanese update: Tax reform on the way
    The Ministry of Finance announced a tax reform plan for 2005 on December 19 2004
    January 31 2005
  • French law firm boosts tax practice with Jones Day hire
    De Pardieu Brocas Maffei, the French business law firm, has boosted its tax practice with the hire of an experienced tax lawyer from Jones Day
    January 31 2005
  • Merged law firm strengthens international tax practice
    Tracy Fisher, a former Hammonds tax partner, has moved to DLA Piper Rudnick Gray Cary, the international law firm that completed a worldwide merger agreement on January 1 2005
    January 31 2005
  • Indian update: Taxes on expatriate allowances and benefits
    In case of Hindustani Powerplus (141 Taxman 658), the Authority for Advance Rulings (AAR) examined the issue of tax implications of allowances and benefits given to expatriates deputed to India
    January 31 2005
  • GSK fights $5.2 billion IRS claim
    GlaxoSmithKline (GSK), the UK-based pharmaceutical company, has received a demand for $5.2 billion in additional taxes and interest from the US Internal Revenue Service (IRS) over its transfer pricing calculations for legacy company Glaxo Wellcome from 1989 to 1996
    January 31 2005
  • EU update: Amendment to EC Mergers Directive agreed
    In December 2004, the EU Council of Ministers agreed on proposals to amend the EC Mergers Directive to improve the relief available to companies operating in Europe
    January 31 2005
  • RAL (Channel Islands) Ltd, RAL Ltd, RAL Services Ltd, RAL Machines Ltd v Commissioners of Customs & Excise
    VAT – Sixth and Thirteenth Directives – Place of supply of services – Tax avoidance scheme – Company established outside the Community and other companies in the same group established in a member state – Amusement arcades – Meaning of ‘entertainment or similar activities’ in Article 9(2)(c) of the Sixth Directive – Meaning of ‘fixed establishment’ in Article 9(1) of the Sixth Directive – Repayment of input VAT.
    January 27 2005
  • India releases VAT plan
    The government of India has released details of a key value-added tax (VAT) plan that will come into force on April 1 2005
    January 23 2005
  • Bush sets up panel on federal tax reform
    President Bush signed an executive order on January 7 2005 to set up his Advisory Panel on Federal Tax Reform that will provide advice on ways to amend the US tax code including ways to encourage savings and investment
    January 23 2005
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