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  • Spain offers tax-friendly Tier One products
    Spain has introduced a new tax and regulatory regime to deal with foreign capital movement. Carlos Albiñana of Allen & Overy believes the law could be strengthened
    February 01 2004
  • UN calls for new international tax body
    A UN meeting of tax experts has proposed setting up a new body covering international tax called the UN Fiscal Committee.
    February 01 2004
  • A&O tops up tax team in Italy
    UK magic-circle law firm Allen & Overy (A&O) has taken over a top Italian tax boutique to boost its European tax practice in Milan and Rome. Andrea Manganelli and Francesco Parisi, co-founders of Andrea Manganelli e Associati, joined A&O as partners on January 29 2004 and brought 15 tax associates with them. A&O also hired Quirino Imbimbo as of counsel in the Milan office.
    February 01 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
  • UK law firms slapped with one-off tax bill
    A change in accounting standards will slap a one-off tax bill on UK law firms that could run into millions of pounds. From the beginning of 2004 law firms will have to account for work in progress at the billable value rather than cost, making taxable profits much higher.
    February 01 2004
  • Dezzani starts new tax practice in Milan
    Former Zini & Associates tax partner Luca Dezzani has left the firm, taking four members of the tax team with him
    February 01 2004
  • US Inbound update: Pricing related-party services
    The proposed section 482 services regulations change many aspects of the transfer pricing regulations for related-party services and the ownership of intangible property
    February 01 2004
  • Australian update: Expatriate deal signed with the UK
    The Australian and UK governments signed a new Double Tax Agreement on 21 August 2003, replacing the existing agreement
    February 01 2004
  • New incentives for expatriates
    The French government has introduced incentives in the 2003 Supplementary Finance Bill to promote the French business environment for executives of multinationals.
    February 01 2004
  • Corporate tax reforms become effective
    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.
    February 01 2004
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