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  • KPMG appoints new leader in Europe
    The big-four accounting firm KPMG has continued the restructuring of its international tax practice with the appointment of a new head of tax for Europe, Middle East and Africa, its largest operating region
    March 07 2004
  • Spanish update: Taxpayers gain from tweaks to the participation exemption
    Effective January 1 2004, a new wording of the participation exemption has entered into force, correcting a troublesome requirement
    March 07 2004
  • White & Case adds tax partner in Russia
    Former Clifford Chance partner Irina Dmitrieva joined the Moscow office of White & Case on March 1 2004. Dmitrieva specializes in Russian and international tax matters related to structured finance transactions, direct investments, mergers and acquisitions and cross-border and domestic leasing and real estate projects.
    March 07 2004
  • English High Court turns down loss-relief hearing
    Fifty five multinationals have failed to have their class-action style claim heard by the English High Court. The companies are claiming compensation similar to the claim in the Marks & Spencer case last year to offset losses made in other European countries against the profits of UK companies.
    March 07 2004
  • Putin appoints former tax police head as new prime minister
    Russian President Vladimir Putin has appointed the former head of the tax police Mikhail Fradkov as the new prime minister after sacking his government. The parliamentary lower house, the Duma, is likely to approve the appointment soon.
    March 07 2004
  • UK losing billions in VAT returns
    Inland Revenue losses in the UK from value-added tax (VAT) fraud and administrative errors cost nearly £12 billion ($22 billion) in 2003. The figures were detailed in a report by the National Audit Office that urged UK ministers to help reduce the time taken to bring fraud cases to court.
    March 07 2004
  • US inbound update: Limits on foreign companies' interest expense
    Under standard provisions in US income tax treaties, a foreign company that is conducting business in the US through a branch is subject to regular US income tax on its US income attributable to a permanent establishment (PE) maintained in the US
    March 07 2004
  • Japanese update: New year reforms bring investment incentives
    The tax reform plan for 2004 emphasizes on taxation for individuals as follows
    March 07 2004
  • Mexico allows VAT rebate for foreign telecom companies
    Foreign telecommunications companies could get relief from VAT on international telecommunications services provided by a Mexican entity to a non-Mexican entity. After changes to the Mexican federal fiscal code, companies can request a VAT refund from the Mexican tax authorities for certain transactions.
    March 07 2004
  • Tax litigator returns to Blake, Cassels & Graydon
    David Spiro, senior counsel in the tax litigation section in the Ontario regional office of the Canadian department of justice, will rejoin Blake, Cassels & Graydon after an absence of 13 years. The leading Canadian law firm announced the move on March 2 2004.
    March 07 2004
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