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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

Draft legislation was recently released by the Canadian Department of Finance to implement many of the measures announced in the government's March 23 2004 Budget

The new EU commissioner for taxation and customs union is sticking to European Commission orthodoxy on corporate tax

The tax authorities have sent the Congress a tax bill including proposed legislation concerning additional interest deductibility restriction to be effected through a series of thin capitalization rules that would enter into force on January 1 2005

Deborah Harrington, an attorney adviser in the US Treasury’s office of tax legislative counsel, has returned to the Washington, DC office of Deloitte, the big-four professional services firm

Sixth VAT Directive – Article 13B(b) – Exempt transactions – Letting of immovable property – Licence to occupy.

Application of Sixth VAT Directive as it applies to public bodies. Whether a body governed by public law has a right pursuant to Article 20 of the Directive to adjust the VAT paid in respect of the acquisition of a capital good, which it has used for activities in which it engages as a public authority, when it subsequently sells that good as a taxable person. Also, whether a body governed by public law has the right wholly to exclude from its capital assets a capital good used partly for activities engaged in as a taxable person and partly for activities engaged in as a public authority, as in the case of taxable natural persons.

During the ECOFIN meeting of September 10 and September 11 2004, the European Commission presented a non-EU-wide solution for profit determination rules for cross-border companies

After putting tax reform as a top priority in his campaign for a second term and winning greater majorities in the both the House of Representatives and the Senate, President George Bush looks well-placed to further advance the tax reform agenda, which could include a new federal consumption tax

The Official Journal of the European Union of September 9 2004 contained the European Commission's invitation to submit comments to its letter to the Italian Government of May 7 2004 where it claimed that a certain Italian tax incentive should be treated as an illegitimate State aid pursuant to articles 87 and following of the EU Treaty