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  • Sarbanes Oxley bites in Germany
    The US Sarbanes Oxley legislation, which prevents firms from providing certain tax services to audit clients and imposes strict rules to ensure auditor independence, is forcing tax advisers in Germany to consider their career development options
    July 03 2004
  • Harrods boss loses appeal over special tax status
    Mohamed Al Fayed, the boss of the UK department store Harrods, on June 29 2004 lost his appeal to overturn a Scottish court ruling which removed his special tax status. Al Fayed, who plans to appeal the decision in The House of Lords, said the case could have implications for taxpayers who enter into agreements with the Inland Revenue.
    July 03 2004
  • Morgan Lewis & Bockius launches French tax practice
    Patrice Lefevre-Pearon, a French tax expert formerly at law firm De Pardieu Brocas & Maffei, has moved to US firm Morgan Lewis & Bockius. Lefevre-Pearon took two associates with him to join the 15-lawyer Paris office of the firm and will focus on domestic and international tax.
    July 03 2004
  • Vivendi Universal loses tax case
    The French multinational Vivendi Universal on June 1 2004 lost a US court battle over disputed tax payments linked to the group's €12.4 billion ($15 billion) acquisition of USA Networks more than two years ago. The court ruled that Vivendi Universal should make multi-million dollar payments to cover tax liabilities incurred by IAC, the interactive group, on preferred shares held in Vivendi Universal Entertainment, the joint venture company created by the USA Networks transaction.
    July 03 2004
  • Ernst & Young’s Russian tax chief moves on
    Evgeny Astakhov, Ernst & Young’s head of international tax in Russia, has left the firm to join BP, the multinational oil company as general tax counsel
    July 03 2004
  • Spanish update: What inheritance tax can mean for investors
    When a non-resident individual is planning to make long-term investments in Spain, they should not forget to analyze the tax implications that may eventually arise for the heirs
    July 03 2004
  • Indian update: Tribunal rules on professional services fees
    The Mumbai Tribunal in Maharashtra State Electricity Board v. DCIT (83 TTJ 325), examined applicability of the old India-UK Double Tax Avoidance Treaty (DTAA), which was substituted by new DTAA in 1994, to fees received by a UK-based firm of solicitors for legal services provided to an Indian company
    July 03 2004
  • OECD, IRS to speak at Berlin event
    Caroline Silberztein, head of transfer pricing at the OECD, and Donald Korb, chief counsel of the US Internal Revenue Service, are two of the big names down to speak at International Tax Review's Global Transfer Pricing Forum 2004 in Berlin. The event takes place at the Ritz-Carlton hotel on Wednesday September 29 and Thursday September 30.
    June 30 2004
  • Tax compliance takes centre stage in Russia
    The Russian Taxes and Levies Ministry is paying closer attention to so-called tax optimization schemes in the country. The Ministry plans to issue about 20 regulations listing typical tax evasion schemes in certain branches of the economy. The Ministry has already issued tax evasion regulations regarding the oil and construction industries.
    June 30 2004
  • Rulings bid to clarify tax base
    The Brazilian tax authorities have for the past few months issued a number of rulings designed to preserve and/or modify the related tax base. Some recent rulings worth mentioning are the following:
    June 30 2004
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