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  • 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
  • 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
  • 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
  • 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
  • Brazilian update: Taxes on imported goods and services to rise
    Brazilian authorities have released new legislation that significantly increases the overall tax burden on import transactions in Brazil
    March 21 2004
  • US state gives tax breaks to car manufacturers
    The US state of Michigan will give generous tax breaks to General Motors (GM) and Dr. Schneider Automotive Systems, a German car manufacturer, in a bid to retain and create manufacturing jobs. GM will get a $10.4 million single business tax credit over 20 years if it invests $299 million in its Warren transmission plant for future business while Dr. Schneider Automotive Systems will receive a $3.1 million tax credit over 15 years to build a new manufacturing plant.
    March 21 2004
  • US complains to WTO over China’s tax help for semiconductors
    The US has filed a case with the WTO about China, charging that its value-added tax (VAT) rebates for domestic producers of semiconductors violate global trade rules
    March 21 2004
  • EU update: Discrimination and the free-movement-of-capital principle
    On February 12 2004 Advocate General (AG) Kokott issued her opinion in the Weidert and Paulus case (C-242/03)
    March 21 2004
  • Continuous dialogue reduces impact of UK Budget
    A combination of previously-announced initiatives and government leaks took the tax sting out of the UK Budget, which was announced by Gordon Brown, the chancellor of the exchequer, on March 17 2004
    March 21 2004
  • Time running out in EU accession race
    With only just over a month to go before 10 new countries join the EU, companies are struggling to cope with EU VAT legislation and missing opportunities to take advantage of tax-enabled business opportunities
    March 21 2004
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