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  • EU Savings Directive provisional guidelines released
    On October 19 2004 the Swiss Federal Tax Administration published a draft of the guidelines of the agreement between the European Union and Switzerland regarding taxation of savings income in the form of interest payments (commonly known as the Savings Directive).
    December 01 2004
  • usjobs-diag1-dec04.gif
    What you should know about the Jobs Act
    Foreign multinationals should examine the recent corporate tax reform carefully for any impact on their US investments, warn PwC advisers in New York and Washington, DC
    December 01 2004
  • Greece slashes corporate tax rate
    The Greek government plans to introduce a wide-ranging corporate tax bill that will cut the rate of corporate tax from 35% to 25% by 2007 despite concerns over the country's fiscal deficit. From January 1 2005 there will be tax cuts from 35% to 32% in 2005, falling to 29% in 2006 and 25% in 2007.
    December 01 2004
  • hoetpelaez-dec04.gif
    Hoet Pelaez Castillo & Duque
    December 01 2004
  • Grant Thornton appoints US tax head
    Grant Thornton, an international tax and accounting firm, promoted Jeffrey Olin to national partner-in-charge of international tax services on December 6 2004. Olin specializes in cross-border tax planning.
    December 01 2004
  • Haarmann Hemmelrath tax lawyers cleared of negligence claims
    The German tax authorities last week cleared Haarmann Hemmelrath, the prestigious German law firm, of any wrongdoing in a potentially harmful negligence claim relating to the tax work it did for one of its clients
    November 28 2004
  • South African update: Secondary tax on companies and non-discrimination
    Dividends are generally exempt from income tax in the hands of the recipient shareholder in South Africa and there is no withholding tax on dividends
    November 28 2004
  • New UK tax body to target avoidance
    The official that recommended the amalgamation of the collection and administration of direct and indirect taxes in the UK has said that the new regime will target those who sought to avoid paying up
    November 28 2004
  • French update: Draft Finance Bill proposes new rules on company transfers
    The draft Finance Bill for 2005 provides for an amendment to the French Tax Code with respect to the tax consequences of the transfer by a French company of its registered office to another EU member state
    November 28 2004
  • UAE update: New Dubai International Financial Centre set up
    On September 19 2004, the ruler of Dubai enacted the laws of the Dubai International Financial Centre (DIFC), a recent addition to the several free-trade zones already existing in the UAE
    November 28 2004
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