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  • Blake, Cassels & Graydon bolsters tax practice
    Kenneth Snider, formerly a tax partner at Ogilvy Renault, joined Blake, Cassels & Graydon in Toronto on November 5 2003. Snider's practice focuses on the tax aspects of domestic and international mergers and acquisitions, reorganizations, financial products, inbound and outbound investment and corporate finance.
    November 09 2003
  • US could extend internet tax moratorium
    US Treasury Secretary John Snow and Commerce Secretary Don Evans expressed their strong support on November 6 2003 for legislation to make the internet tax moratorium permanent. The moratorium applies to taxes on internet access, regardless of the speed of that access, and to multiple or discriminatory taxes on electronic commerce.
    November 09 2003
  • Dutch court bins taxes on missing fuel
    The Supreme Court of the Netherlands ruled that the country's tax authorities can no longer levy tax on fuels that go missing during transport within the EU on October 24 2003. Previously, the tax authorities levied excise duty on small remnants of fuel that are lost in transit.
    November 09 2003
  • Torys expands in North America
    James Guadiana, formerly head of tax at the New York office of Davies, Ward, Phillips & Vineberg, joined Torys on November 4 2003, as part of the firm’s drive to expand in the region
    November 09 2003
  • Bulgaria slashes corporate tax rate
    The Bulgarian government announced the decision to cuts the corporate tax rate from 23.5% to 19%, a larger than expected cut, on October 29 2003. The change takes effect from January 1 2004.
    November 09 2003
  • Hungary tweaks capital gains tax in 2004 Budget
    The Hungarian government voted to modify some of the tax measures contained in the 2004 Budget proposals on November 3 2003. As a result, capital gains tax will not be increased from 20% to 25% as proposed and 25% of the amount paid by businesses in the much-maligned local tax will be deductible from corporate tax payments.
    November 09 2003
  • UK chancellor insists on tax veto
    Gordon Brown, the UK chancellor, rejected any moves towards diluting national veto on EU tax harmonization. Brown was speaking at the monthly meeting of EU finance ministers (ECOFIN) on November 4 2003.
    November 09 2003
  • New benefits for minority shareholders in French demerger rules
    Under new regulations introduced on June 2 2003, minority shareholders no longer need to hold on to shares in demerged or spun-off companies for three years to avoid hefty taxes
    November 09 2003
  • Ernst & Young survey reveals a stretched UK Inland Revenue
    A comprehensive global transfer pricing survey carried out by Ernst & Young and released on November 5 2003 revealed that the UK Inland Revenue is lagging behind many of its international counterparts
    November 09 2003
  • Ernst & Young loses transfer pricing specialist to CMS in France
    Arnaud Le Boulanger, an economist specializing in transfer pricing, joined CMS Bureau Francis Lefebvre on November 5 2003. Le Boulanger was formerly head of HSD Ernst & Young's team of economists.
    November 09 2003
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