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  • By Tim Brown and Joanna Klaentschi, tax investigations, PricewaterhouseCoopers in London
  • US law firm Greenberg Traurig added Richard Petkun to its tax practice in Denver on January 7 2004. Formerly of Isaacson Rosenbaum Woods & Levy, Petkun's practice focuses on international tax, transactional and real estate tax matters.
  • 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.
  • 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.
  • 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.
  • Tax leasing fiddles are costing the US almost $34 billion over 10 years, according to Pamela Olson, assistant treasury secretary for tax policy
  • On November 7 2003 (Japan time), the Japanese ambassador to the US and the US secretary of the treasury signed a new income tax treaty
  • The regulations published on October 17 2003 in the Official Gazette for Mexico contained new regulations to the Mexican Income Tax Law (MITL) which repealed and replaced the regulations previously published in 1984
  • A UN meeting of tax experts has proposed setting up a new body covering international tax called the UN Fiscal Committee
  • The government of the Kingdom of Saudi Arabia has approved a new income tax bill which cuts the corporate tax rate on foreign investors from 30% to 20%