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  • Australian update: What was in the federal Budget
    Peter Costello described his ninth - and perhaps final - Budget as designed to keep Australia's economy strong
    June 26 2004
  • Companies lack effective tax risk management
    Half the companies which participated in a recent survey on tax risk management said their board directors have not discussed or agreed a policy on the issue
    June 26 2004
  • US inbound update: Taxpayer victory in check-and-sell case
    US taxpayers recently scored an important victory in Dover Corp v. Commissioner, which has monumental ramifications in the US tax treatment for disposing of non-US operations
    June 26 2004
  • UAE ratifies five tax treaties
    The United Arab Emirates (UAE) has ratified five tax treaties, taking the country's tax treaty network to a total of 43. The new tax treaties are with Austria, New Zealand, Mozambique, Sri Lanka and Korea.
    June 20 2004
  • 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
  • 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
  • Korea clarifies international tax laws
    The National Tax Service of Korea (NTS) on June 15 2004 issued rulings on The Law for the Coordination of International Tax Affairs
    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
  • Dutch tax inspectors to force the pace of disclosure
    Companies with operations in the Netherlands could be forced to hand over all information that tax inspectors consider potentially relevant to the collection of taxes
    June 19 2004
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