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  • kenbransom.jpg
    Deloitte steals EY’s US practice head in Europe
    The former head of Ernst & Young’s US practice in Europe, Ken Bransom, has moved to Deloitte
    March 28 2004
  • IRS rejects theft loss claims of corporate scandal investors
    Investors holding shares of Enron, WorldCom and other companies that lost value in accounting scandals cannot claim a so-called theft loss deduction for the decline on their tax returns. The US Internal Revenue Service issued the statement on March 25 2004 after some individuals and news organizations advised investors to claim a loss if their stocks lost value due to the conduct of corporate officials.
    March 28 2004
  • Ashurst and McKee Nelson go global with structured finance
    A US and UK law firm have joined together to offer a global structured finance practice to their clients
    March 28 2004
  • Banks in New Zealand under scrutiny
    New Zealand's banking industry faces increasing scrutiny from the country's tax authorities. The Inland Revenue Department is keeping an eye on the soaring profits of big banks and investigating whether the country's tax laws as applied to the banking industry call for improvement according to finance minister Michael Cullen.
    March 28 2004
  • Austrian Budget proposals provide group relief rules
    Austria's proposed Budget, scheduled to be effective from January 1 2005, introduces a new group tax regime that would simplify the pooling of profits and losses within a group.
    March 28 2004
  • Indian update: Ship hire charges payable to foreign ship owners not taxable
    A Mumbai tribunal has held in DCIT v. Reliance Industries Limited (81 TTJ 787) that the charges paid to a foreign company outside India for the hire of ships are not taxable in India
    March 28 2004
  • Air New Zealand hit with $69 million HK tax bill
    Hong Kong’s Inland Revenue Department (IRD) has slapped a surprise tax bill that could total NZ$107 million ($69.9 million) on Air New Zealand (Air NZ)
    March 28 2004
  • Cimber Air A/S v Skatteministeriet
    Sixth VAT Directive – Exemptions – International transport – Fuelling and provisioning of aircraft and other services provided to them – Interpretation of Article 15(7) and (9).
    March 25 2004
  • Luxembourg v Vermietungsgesellschaft Objekt Kirchberg SARL
    Member state which has allowed taxable persons a right of option for the taxation of transactions of leasing or letting of immovable property – Full deduction of input tax paid conditional upon prior approval of the tax authorities.
    March 25 2004
  • Singapore considers further corporate tax cut
    The government of Singapore has not ruled out another cut in the country’s corporate tax rate, after the reduction from 22% to 20% in the last Budget Lee Hsien Loong, the minister for finance, said in a speech to the parliament on March 10 2004
    March 21 2004
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