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  • 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.
  • PricewaterhouseCoopers announced the appointment of Stephen Camm as head of its UK tax investigations practice on January 28 2004
  • 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.
  • Former Zini & Associates tax partner Luca Dezzani has left the firm, taking four members of the tax team with him
  • The Australian and UK governments signed a new Double Tax Agreement on 21 August 2003, replacing the existing agreement
  • Abroad reform of the Italian corporate tax system has been carried out by Legislative Decree 344 of December 12 2003, which amended Presidential Decree 917 of December 22 1986 (the Italian tax code or ITC) pursuant to Delegation Law 80 of April 7 2003. The new Italian corporate income tax (IRES) will be effective from the first fiscal year beginning on or after January 1 2004.
  • The government of Nigeria has accused the multinational oil company Shell of unfairly exploiting tax loopholes. The tax row centres on a reserves addition bonus scheme that offered companies generous incentives for investing in oil and gas. The alleged tax liability could be as much as $333 million.
  • KLegal's UK operation will re-brand itself as McGrigors on February 1 2004. The move comes after accounting parent KPMG cut its links with KLegal in response to US regulatory restrictions on the provision of non-audit services to audit clients.
  • Big four accounting firm KPMG on January 19 reported double-digit revenue growth for the fiscal year to September 30 2003. Despite a challenging year for the tax and accounting services profession, member firm revenues were $12.16 billion.
  • Mark Kingstone and Katie Price of Linklaters explain the precautions taxpayers need to take over privilege after the Three Rivers judgment