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  • The US IRS on February 27 2004 appointed Bert DuMars, an electronic commerce expert and veteran of the information technology industry, as director, electronic tax administration. DuMars joins Nicholas DeNovio that the IRS hired as deputy chief counsel (technical) in the office of chief counsel the day before.
  • A federal grand jury in New York is investigating the big-four firm KPMG on the alleged sale of tax shelters. KPMG disclosed the inquiry on February 19 2004 and announced, through its lawyers, that it would cooperate fully with the investigation.
  • The Venezuelan finance ministry announced on February 26 2004, an extension, until the end of the year, of the banking transaction tax due to expire on March 12 2004
  • Ekaterina Emelianova, formerly with Mitsubishi, joined Deloitte & Touche in Moscow on January 5 2004. Emelianova focuses on tax planning and international tax in an increasingly competitive Russian tax services market.
  • The Australian Taxation Office (ATO) has warned that it will hunt down Australians using havens such as Switzerland and the Channel Islands to avoid tax. The ATO said it has greater powers to detect offshore tax evasion using technology which monitors banking transactions to and from Australia.
  • Tax advisers in the UK will be personally liable for failing to report to the National Criminal Intelligence Service (NCIS) suspicions of financial irregularities
  • Benjamin Netanyahu, the Israeli finance minister announced plans on February 11 2004 to reduce value-added tax from 18% to 17% effective from March 1 and some customs duties and sales taxes effective immediately.
  • The Russian State Duma received the draft agreement creating the Unified Economic Territory (UET) on February 16 2004
  • The French government has introduced incentives in the 2003 Supplementary Finance Bill to promote the French business environment for executives of multinationals
  • Strong demand for transfer pricing services post-Sarbanes-Oxley legislation in the US continues to stir the delivery of such services, with another transfer pricing boutique springing up