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  • PricewaterhouseCoopers elects new head of US tax practice
    Richard Stamm will be the new head of PricewaterhouseCoopers' US tax practice from July 1 2004. Stamm joined Pricewaterhouse-Coopers in 1976, is a member of both the US and global tax leadership teams and oversees each of PricewaterhouseCoopers' specialized practice units. He will replace Rick Berry who will retire at the end of the firm's fiscal year.
    April 30 2004
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    UK Finance Bill dismays corporate taxpayers
    Tax specialists and corporate taxpayers have reacted with dismay to the unclear measures to introduce intra-UK transfer pricing regulations and a crackdown on tax avoidance schemes in the UK Finance Bill. The UK Treasury released the 584-page Finance Bill for its first parliamentary reading on April 8 2004.
    April 30 2004
  • UK managers complain about increasing tax burden
    A survey of business confidence among middle market companies in the UK has found real concerns within the sector over taxation and the administrative burden.
    April 30 2004
  • Tax court judgments fire debate on technical assistance
    Jesus Barrios, director of taxes, Latin America for Oracle, says US and Japanese taxpayers need to be aware of two court decisions which could affect their businesses in Mexico
    April 30 2004
  • Transfer pricing specialist returns to Ernst & Young
    John Hobster, the former global CEO of Ernst & Young's transfer pricing practice who moved to Analysis Group in February 2003, has returned to the big four firm. Hobster rejoined Ernst & Young's London office as global head of accounts for transfer pricing and tax-effective supply chain management on April 6 2004. The move spells the end of Analysis Group's UK transfer pricing activities, which have been centralized, in the its Denver office.
    April 30 2004
  • Haynes and Boone opens New York office
    Kenneth Bezozo, a corporate tax partner at US law firm Haynes and Boone, was appointed co-head of the firm's newly-opened New York office on April 21 2004. Bezozo specializes in corporate, business planning and taxation matters including structuring, formations, mergers and acquisitions, dispositions and restructurings.
    April 30 2004
  • Presidential Decree provides asset tax relief
    Under a Presidential Decree dated April 5 2004, the Mexican government exempts smaller companies from asset tax (a type of minimum tax). Smaller companies are those entities that earned less than Ps14.7 million ($1.3 million) in the preceding year and that own assets that are valued at (according to the asset tax valuation rules) less than Ps14.7 million.
    April 30 2004
  • Financial transaction exemption changes and new capital gains rules
    On April 2 2004 the authorities issued Provisional Measure 179 (PM 179), which modifies the legislation related to the temporary contribution on financial activities (CPMF). The CPMF was first created in 1997 as a temporary tax on financial transactions and is charged at the rate of 0.38% on every debit (withdrawals and transfers, for example) made to a bank account.
    April 30 2004
  • Treasury traps for the unwary
    Parent companies could be liable for unforeseen charges if they fail to plan before using income from associated companies overseas, warn David Golden, Margie Rollinson, David Benson and Elizabeth Hale of Ernst & Young in Washington, DC
    April 30 2004
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    Tax advantages prove their worth to R&D location
    Before deciding where to locate R&D, companies need to consider which countries are the most attractive. Ken Murray and David Cobb of Deloitte provide an overview of the places with the best tax incentives for performing R&D
    April 30 2004
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