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  • Iceland to cut company taxes
    The prime minister of Iceland, David Oddsson, last Monday, on June 14 2004, called for a cut in the country's corporate tax rate from 18% to 15%. Speaking at an event hosted by the American Enterprise Institute in Washington, DC, Oddsson said the cut would further increase Iceland's economic competitiveness.
    June 19 2004
  • Mexican update: Tax treaties under negotiation
    Mexico is now in negotiations with several countries to sign tax treaties
    June 19 2004
  • UK defends EU tax position
    European leaders on June 18 2004 finalized a new constitution with the UK holding firm to its veto on tax matters, one of the so-called red line issues for UK prime minister Tony Blair. The EU's 25 member states need to ratify the constitution within two years.
    June 19 2004
  • Romania plans large corporate tax cut
    The government of Romania plans to reduce the country's corporate tax rate from 25% to 19% in 2005 according to a June 15 2004 announcement by finance minister Mihai Tanasescu. Parliament is expected to approve the cuts in September and they would then be effective from January 1 2005.
    June 19 2004
  • US House of Representatives passes international tax overhaul
    In a vote of 251 to 178 the House of Representatives passed the American Jobs Creation Act (AJC bill) last Thursday, June 17 2004, after months of intense lobbying and deal making
    June 19 2004
  • McDermott Will & Emery snares German tax team
    Deloitte-affiliated law firm Raupach & Wollert-Elmendorff has lost four of its high-profile German tax lawyers
    June 19 2004
  • Recheio – Cash & Carry SA v Fazenda Pública/Registo Nacional de Pessoas Colectivas
    Recovery of sums paid though not due – Period of 90 days for the bringing of an action – Principle of effectiveness.
    June 16 2004
  • India considers scrapping dividend tax and cutting the corporate rate
    The finance ministry in India is considering supporting the proposal to scrap the dividend tax levied on companies and cutting the corporate tax rate to 30% in the 2004-5 Budget
    June 12 2004
  • Tax group leaves Irwin Mitchell to form 4 Eyes
    The tax practice at UK law firm Irwin Mitchell has broken away to set up independently. The new tax service provider will be called 4 Eyes and will specialize in VAT and customs duties. Phillip Henwood will lead the group.
    June 12 2004
  • UAE plans to amend tax law on bank profits
    The Central Bank of the United Arab Emirates (UAE) has hinted it will recommend a change in the law regarding taxes on banking profits for foreign and local banks
    June 12 2004
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