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  • Baker & McKenzie picks up tax lawyers in France
    Olivier Mesmin, formerly of EYLaw, joined the Paris office of Baker & McKenzie as a tax partner and head of the firm's real estate tax practice. Mesmin brought tax associates Christine Daric and Sybille Salmon-Legagneur in the February 17 2004 move. His practice focuses on tax consulting for French and international businesses in the real estate industry.
    March 01 2004
  • Sarbanes Oxley drives transfer pricing moves
    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.
    March 01 2004
  • Ending the extraterritorial-income-tax regime
    It may be the beginning of the end for the 30-year battle over the extraterritorial-income-tax regime (ETI) and its predecessors. Under ETI, US exporters may exclude from taxable income a portion of their overseas sales. In January 2002, the World Trade Organization (WTO) confirmed its ruling declaring that ETI is a prohibited export subsidy. This followed the WTO's earlier ruling striking down the similar US foreign-sales-corporation (FSC) regime.
    March 01 2004
  • Arthur Cox poaches Linklaters tax partner
    Former Linklaters senior tax partner Conor Hurley switched to Irish law firm Arthur Cox on March 1 2004. Hurley advises clients on international corporate taxation and specializes in the tax aspects of cross-border mergers and acquisitions, banking, capital markets and structured finance. He was also head of the investment funds tax practice at Linklaters' London office.
    March 01 2004
  • French update: Freedom of establishment trumps thin-capitalization rules
    On December 30 2003, the French Administrative Supreme Court rendered two important decisions with respect to French thin-capitalization rules
    February 29 2004
  • Venezuela extends transaction tax to boost revenues
    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
    February 29 2004
  • UK film goes under after tax change
    Filming on British production Tulip Fever has been cancelled because of an Inland Revenue clampdown on film partnerships. A press release issued on February 10 2004 said that partnership schemes (often used to fund UK films) manipulate tax relief to create claims for losses in excess of the capital at risk.
    February 29 2004
  • Tax controversy hits TPG results
    The Dutch postal and logistics group TPG had to delay the publication of its results on February 19 2004 because of a tax dispute involving a UK subsidiary. The dispute began in the late 1990s between a TPG-owned holding company and the UK Inland Revenue.
    February 29 2004
  • US Outbound update: Ending the extraterritorial-income-tax regime
    It may be the beginning of the end for the 30-year battle over the extraterritorial-income-tax regime (ETI) and its predecessors
    February 29 2004
  • BDO Seidman cuts partners by 10%
    Second-tier, Chicago-based accounting firm BDO Seidman has announced a 10% reduction in partner numbers
    February 29 2004
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