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  • Rupak Saha, country tax leader at GE in New Delhi, has delivered a positive verdict on the future of the Indian tax system in an interview with International Tax Review
  • The US Internal Revenue Service (IRS) issued updated procedures on July 1 2004 that taxpayers can use to request advance pricing agreements (APAs)
  • Jürgen Hartmann, one of the most respected tax lawyers in Germany, has left the law firm CMS Hasche Sigle to set up his own practice
  • US multinationals and their tax advisers strongly support the overhaul of international tax rules, which is contained in bills which the US Senate and House of Representatives have passed in recent weeks
  • The US and China have ended their four-month dispute at the WTO over what the US alleged was China’s illegal support, through its tax system, of its indigenous semiconductor makers
  • Tax officials in China have been stepping up efforts to combat tax evasion by foreign-invested companies that is estimated to cost the country Rmb30 billion ($3.62 billion) in lost revenue every year
  • Haarmann Hemmelrath & Partner is facing a multi-million euro claim relating to the firm's advice on a disposal by Werhahn Group's Markische-Bau Union (MBU). Werhahn Group alleges that Haarman Hemmelrath, which has vowed to contest the claim, wrongly advised the company over the tax liability on MBU's sale of AKB Bank, a transaction that was liable to tax after changes in regulations.
  • The Russian Taxes and Levies Ministry has announced proposed changes to the corporate tax system. The modifications to Tax Code chapter 25 are intended to improve corporate income tax procedures in Russia and would include approximating accounting and tax reporting, modifying the procedure of determining the tax base, and simplifying corporate income tax administration.
  • By Paul Long (UK)
  • By Michael Rudnicki and Jenny Alence (South Africa)