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  • Treasury hits out at abusive transactions
    Tax leasing fiddles are costing the US almost $34 billion over 10 years, according to Pamela Olson, assistant treasury secretary for tax policy. Measures to target abusive tax transactions were included in the Treasury's proposed fiscal year 2005 budget plan, which was published on January 13 2004.
    February 01 2004
  • OECD delivers UK tax warning
    The OECD warned the UK government of the need for further fiscal action to avoid diminishing the credibility of its fiscal framework. In its annual review of the UK economy released on January 20 2004, the OECD raised concerns that the country could be in danger of breaching the 3% of GDP budget deficit limit (set out in the EU's Stability and Growth Pact) in 2005.
    February 01 2004
  • goldberg-feb04.jpg
    Whose transfer price is it anyway?
    Citigroup's global transfer pricing director, Richard M Goldberg asks where the arm's-length buck stops
    February 01 2004
  • IRS appoints head of law enforcement
    The US IRS appointed Nancy Jardini as head of the agency's law enforcement division on January 20 2004. As chief of criminal investigation, Jardini will direct a nationwide staff of about 4,500 employees. She replaces David Palmer, who had the position from November 2002.
    February 01 2004
  • Planitax appoints Langdon to the board
    Planitax, a software and services provider for the corporate tax function, appointed Larry Langdon to its board on December 24 2003. Langdon is a former commissioner of the large and mid-size business division at the IRS and leads Mayer, Brown, Rowe & Maw's global tax practice.
    February 01 2004
  • Weil Gotshal replenishes UK tax practice and expands in Germany
    US law firm Weil Gotshal & Manges hired John Baldry from Allen & Overy as of counsel to boost its London tax practice. The move comes after the loss of corporate tax partner Gary Richards to Berwin Leighton Paisner. In addition Weil Gotshal will open a new office in Munich, with tax partner Tobias Geerling relocating from the firm's Frankfurt office.
    February 01 2004
  • Treasury releases 2005 Budget proposals
    In January, the US Treasury Department released its Budget proposal for 2005 fiscal year. The Budget includes six proposals that relate particularly to outbound corporate and individual planning.
    February 01 2004
  • CMS Bureau Francis Lefebvre adds African tax expertise
    French law firm CMS Bureau Francis Lefebvre has hired four tax specialists to expand its presence in Africa. Lamiae Homman-Ludiye, Pierre Marly, Deana d'Almeida and Jacques Isabelle, all former HSD Ernst & Young lawyers, joined the Africa section of CMS's Paris office on January 20 2004.
    February 01 2004
  • eu-1-feb04.gif
    The impact of EU developments on member states' tax systems
    European law and member states’ corporate tax systems are at odds. Mark Persoff of Clifford Chance looks at recent events
    February 01 2004
  • Treasury hits out at abusive transactions
    Tax leasing fiddles are costing the US almost $34 billion over 10 years, according to Pamela Olson, assistant treasury secretary for tax policy
    January 25 2004
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