ITR Search | International Tax Review

UK tax changes add to burden for energy investors

Derrick Parkes and Jeremy Maynes of KPMG in the UK

September 20 2004

The financial provisions of the Dutch 2002 Mining Act - improvements to a coherent hydrocarbon taxation regime

Pim Smit and Niels Boef of KPMG Meijburg & Co, Amsterdam

September 20 2004

New Zealand tax advice to be legally privileged

Michael Cullen, New Zealand's finance minister, has promised that tax advice from accountants will be legally privileged as it is from lawyers. The big four accounting firms, which all provide international and corporate tax advice, welcomed the move.

September 18 2004

Olson to receive distinguished service award

The Tax Executives Institute (TEI) will give its distinguished service award to Pam Olson, former assistant secretary of the US Treasury for tax policy. Olson, who returned to private practice at the law firm Skadden, Arps, Slate, Meagher & Flom, will receive the award at the TEI's annual conference in October.

September 18 2004

Fiscal deficit will force Hungary to increase taxes

The Hungarian government will have to increase taxes in 2005 to meet the EU-approved convergence programme for entry into the euro, which requires cuts in the country's 5.4% budget deficit. The 2005 budget tax proposals, therefore, include increases to financial institutions' profit tax rate and to the withholding tax on capital gains.

September 18 2004

Australian update: International taskforce targets package schemes

In recent years, eliminating abusive tax schemes has risen to the top of the agenda for revenue authorities, both locally and internationally

September 18 2004

Indian update: Advance ruling on liaison offices

A recent Indian authority advance ruling (AAR) examined whether a liaison office (LO) of a foreign company constituted a permanent establishment (PE) in India

September 18 2004

French update: The Hallminster case and the UK treaty

In the Hallminster decision (Case 250328), rendered on February 25 2004, the French Supreme Administrative Court had to decide whether a capital gain realized by a company resident in the UK from the sale of a majority shareholding in a civil company running a vineyard in France was subject to tax in France

September 18 2004

Baker & McKenzie expands UK tax practice

John Fairley, a former senior international tax partner at Ernst & Young, has joined Baker & McKenzie, the US global law firm, as a senior consultant in London

September 18 2004

UK and Indian companies to benefit from changes to tax dispute procedures

India’s Central Board of Direct Taxes (CBDT) has issued an instruction that will benefit Indian and UK taxpayers involved in tax disputes under the two countries’ double taxation agreement (DTA)

September 18 2004

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