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  • 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
  • Sweden meets EU energy tax rules
    The European Commission (EC) has ruled that Sweden’s amended energy tax system does not breach EU law
    July 03 2004
  • High court backs retailer in UK VAT case
    A test case brought by Debenhams, a UK retailer, could cost Customs & Excise as much as £300 million ($549 million) in lost revenue
    July 03 2004
  • Global task force against tax avoidance meets in secret
    Representatives of the governments of the UK, the US, Canada and Australia met in secret in London to set up a global computer database listing taxpayers who use tax avoidance schemes and their advisers. The four countries will share detailed information on companies and individuals that avoid tax.
    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
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    US corporates welcome new international tax rules
    US multinationals and their tax advisers strongly support the overhaul of international tax rules contained in bills which the US Senate and House of Representatives passed in recent weeks. However, differences still remain between both bills, which repeal foreign-sales-corporation/extraterritorial-income (ETI) legislation and offer new tax breaks.
    June 30 2004
  • saha-julaug04.jpg
    Indian summer
    When the largest democracy in the world unexpectedly changes its government, you might expect corporate tax directors to examine their strategies anxiously. But in an interview with Rupak Saha, country tax leader at GE in New Delhi, Simon Briault discovers a period of stability and optimism in India that has been unaffected by political change and looks set to continue
    June 30 2004
  • China piles pressure on foreign companies
    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. Investigations and transfer pricing audits will this year focus on foreign-invested firms that are expanding their presence in China while continuing to register losses.
    June 30 2004
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