Search results for

The Mexican Institute for Social Security released on its website on June 29 2004 an agreement on social security contributions signed between the governments of Mexico and the US (the Social Security Covenant).

The Italian market of medium and long-term loans (the Loans) is facing a great deal of uncertainty related to the substitutive tax applicable thereto (the Substitutive Tax).

Sed Crest discovers the top ten problems facing tax directors doing business in Asia and the top ten ways they want their tax advisers to improve

Almost all of Germany's 16 regions, or Länder, have rejected calls to centralize tax collection in the country. The federal government in Berlin released a policy paper in June proposing a new national tax authority in Germany, which would take over the Länder's tax collection responsibilities.

Kioicho Building,

KIM & CHANG

Dedicated to helping business grow

The US Internal Revenue Service (IRS) on August 23 2004 appointed Donald Rocen as acting deputy chief counsel for operations. Rocen will direct about 1,000 attorneys serving the IRS operating divisions. He joined the office of chief counsel in May after working in the Washington DC office of PricewaterhouseCoopers since 1989.

Ernst & Young, one of the big four professional services firms, has lost some of its leading tax stars in four jurisdictions as fears over conflicts of interest between audit and tax services grow.

Revenue Ruling 2004-76 held that a foreign corporation (A), formed under the laws of country X, could not claim the benefits of the income tax treaty between the US and country X if under the income tax treaty between country X and country Y, it is treated as a resident of country Y. This ruling may limit planning options for companies that are treated as a resident under the laws of more than one country that has entered into a modern income tax treaty with the US. The ruling may also cause headaches for US withholding agents.