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  • The proposed Royal Dutch/Shell group share-swap merger of its twin holdings companies has required the Dutch tax authorities to approve a unique dividend access mechanism so that shareholders in the UK and in The Netherlands retain their present entitlements
  • Citing Sarbanes Oxley difficulties, tax partner Philip McCarty has left PricewaterhouseCoopers to rejoin, on November 8 2004, international law firm McDermott Will & Emery (MWE) in Washington, DC, where he worked until 2001
  • 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
  • On July 23 2004, provisional measure 183 was converted into Law 10,925
  • 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
  • Free movement of capital; taxation of dividends; tax credit granted exclusively to shareholders resident in a Contracting Party; denial of procedural rights to shareholders resident in other Contracting Parties;
  • Sixth VAT Directive – Chargeable event – Transactions regarded as supplies of goods and services for consideration – Provision of meals for its staff, at a price lower than cost price, by an undertaking operating in the hotel and restaurant sector – Interpretation of Articles 2, 5(6) and 6(2)(b).
  • Banks with operations in New Zealand face higher tax burdens after the government introduced a bill on November 16 2004 to radically tighten the country’s thin-capitalization rules for the banking industry, which has been accused of paying too little tax
  • At the heart of discussions within the EU about excessive transfer-pricing documentation requirements being imposed on European multinational enterprises (MNEs), in recent times there has been an increase within the member states of reporting obligations set forth for regulatory purposes, which also include information among related parties
  • The Ministry of National Economy is working on a new income tax law to replace the current legislation, originally issued in 1981