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  • Japanese update: Diet's US treaty ratification to bring new benefits
    The Japanese Diet is expected to ratify the new treaty by the end of March 2004, allowing the treaty to become effective on January 1 2005 in general, except for the provisions relating to withholding tax on dividends, interest, and royalties, which will become effective on July 1 2004
    April 17 2004
  • Electricite de France takes tax dispute to the ECJ
    The French energy company Electricite de France (EdF) will file a lawsuit with the European Court of Justice (ECJ) to resolve a tax dispute with the European Commission. The European Commission ruled on February 17 2004 that the French government had broken EU state aid rules in the form of tax breaks for EdF and ordered the company to repay €1.2 billion ($1.4 billion) in unpaid tax and interest.
    April 17 2004
  • Brazilian Senate reconsiders import taxes for automotive and pharmaceutical companies
    The Brazilian Senate is considering changes to the tax treatment of foreign imports to that could benefit companies in the automotive and pharmaceutical industries
    April 17 2004
  • Ireland hosts meeting of European tax heads
    Charlie McCreevy, Ireland's minister for finance, opened a meeting of the heads of the tax authorities for the 25 EU member states and accession states on April 14 2004. The conference, Influencing taxpayer behaviour to influence taxpayer compliance, focused on simplifying tax systems and tackling tax evasion.
    April 17 2004
  • Argentina unveils three-year tax plan
    The government of Argentina on April 9 2004 introduced plans for an anti-evasion tax package and a series of changes to the tax system designed to increase investment in the country. President Nestor Kirchner designed the package, which will be implemented over the next three years, to operate within guidelines established by the International Monetary Fund.
    April 17 2004
  • Australia introduces third round of tax reform
    The Australian government has proposed its latest reforms of the country's international tax system with the introduction of the New International Tax Arrangements (Participation Exemption and Other Measures) Bill 2004 into parliament on April 1 2004
    April 17 2004
  • Glaxo challenges $2.7 billion transfer pricing claim
    GlaxoSmithKline Holdings on April 2 2004 filed a petition in the US Tax Court contesting a multibillion-dollar transfer pricing claim
    April 17 2004
  • Singapore gives tax breaks for accounting and law firms
    The government of Singapore has extended tax breaks to Singapore-based audit, accounting, and law firms to strengthen the country's position as an international hub for headquarters operations and to encourage professional service firms that are structured as partnerships to expand their operations
    April 17 2004
  • Indonesian tax authority shuffles staff
    The Indonesian Ministry of Finance appointed 29 new officials to the Directorate General of Taxation in a bid to improve the public image of the tax authority. The new officials consist mainly of new heads of tax offices in regional provinces.
    April 17 2004
  • Turkey plans tax incentives for foreign investors
    The government of Turkey is drafting a new package of 10-year corporate tax breaks for foreign investors. Companies would have to invest €150 million ($179 million) or employ 1,500 people to benefit from the tax breaks, which are expected to take effect from January 1 2005.
    April 17 2004
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