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  • Hong Kong considers tax treaty network
    The government of Hong Kong has said it intends to set up a network of double-taxation avoidance agreements with its major trading partners
    February 08 2004
  • Japanese update: New year tax reforms revealed
    The Ministry of Finance announced the tax reform plan for 2004 on December 19 2003
    February 08 2004
  • Austria joins tax competition race
    The government of Austria plans to cut its corporate tax rate from 34% to 25% next year to attract foreign investment into the country. The move mirrors similar rate cuts by Eastern European countries preparing to join the EU on May 1 2004.
    February 08 2004
  • Coca-Cola Amatil settles Australian tax dispute
    The Australian Taxation Office (ATO) has settled a dispute with Coca-Cola Amatil over the demerger of the company's European operations in 1998. Coca-Cola Amatil, the principal Coca-Cola licensee in Australia and a maker of its own soft drinks and mineral water, paid A$50 million ($38 million) to the ATO to resolve the issue.
    February 08 2004
  • Argentinian update: Government approves tax reform package
    One of the first measures announced by the new administration elected in 2003 was a tax reform package mainly intended to combat tax evasion
    February 08 2004
  • OECD wins Swiss tax concessions
    The OECD has reached a compromise with Switzerland over tax practices deemed harmful by the organization in meetings held in Paris on January 27 and 28 2004
    February 08 2004
  • Multinationals pay less tax by expanding
    US multinationals will pay less tax this year, despite increasing profits and a concerted effort by the IRS to eradicate sophisticated tax avoidance schemes. International expansion, outsourcing of back-office services and manufacturing in countries with lighter tax burdens are thought to have contributed to the projected savings.
    February 08 2004
  • KPMG announces new senior appointments
    On January 28 2004 James Brasher was named vice chair of tax services at KPMG in New York. At the same time John Chopak was made vice chair of tax services operations. The management changes are aimed at inspiring confidence in the integrity of KPMG's tax services after investigations in the US into so-called abusive tax shelters.
    February 01 2004
  • PwC appoints new head of tax investigations in the UK
    PricewaterhouseCoopers announced the appointment of Stephen Camm as head of its UK tax investigations practice on January 28 2004
    February 01 2004
  • IRS loses tax official to Morgan Lewis
    Gary Wilcox, deputy chief counsel (technical) for the US IRS will leave his post to return to private practice in mid-February. Wilcox has primary responsibility for the IRS's positions on technical tax issues and for issuing regulations and rulings. He will rejoin his former firm Morgan Lewis.
    February 01 2004
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