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  • Kirkland & Ellis creates seven new tax partners
    The firm has promoted no fewer than seven tax specialists at its offices in Chicago and New York. Kevin Chen, Jack Bernstein, David Kung, Natalie Hoyer Keller, Gregory Gallagher, Kevin Coenen and Lee Allison became partners as of October 1 2003.
    November 01 2003
  • Baker & McKenzie adds corporate tax director
    Philippe Lion, a corporate tax director at PricewaterhouseCoopers in Brussels, will join Baker & McKenzie. Lion will focus on corporate and international tax at the firm from November 1 2003.
    November 01 2003
  • Skadden sets up tax practice in Germany
    The US law firm Skadden, Arps, Slate, Meagher & Flom has hired Hans-Georg Berg from Haarmann, Hemmelrath & Partner to head up its new tax practice in Frankfurt.
    November 01 2003
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    How to outsource financial services tax-effectively
    Nick Cronkshaw and Martin Shah of Simmons & Simmons focus on the practical tax aspects when outsourcing in the banking, asset management and insurance sectors
    November 01 2003
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    UK R&D credits fail to attract
    Tax breaks for research and development (R&D) in the UK could save domestic and multinational companies millions of dollars each year but many companies are not making R&D tax relief claims because of unclear guidelines and cumbersome procedures.
    November 01 2003
  • Tax havens stymie OECD goals
    The OECD kept efforts at achieving a global level playing field for exchanging tax information alive at its Global Tax Forum in Ottawa on October 14 and 15 2003. But the organization faces perpetual resistance from a handful of so-called tax havens that oppose the plans.
    November 01 2003
  • US IRS releases treaty list for reduced dividend tax rates
    The IRS issued a list of the US tax treaties that meet the requirements for reduced capital gains rates on certain dividend payments under the Jobs and Growth Tax Relief Reconciliation Act 2003 on September 30 2003. The notice lists 52 treaties and is effective for taxable years beginning after December 31 2003.
    November 01 2003
  • South Africa consults on tax amendments
    Taxpayers in South Africa will be able to submit comments on the Draft Revenue Laws Amendment Bill published on October 8 2003. Proposed changes include repealing the tax on foreign dividends in the hands of resident recipients who hold a significant interest (25% or more) in the companies declaring the dividends.
    November 01 2003
  • Jersey identifies possible gap in EU tax net
    The EU Savings Tax Directive may not apply to discretionary trusts in Jersey according to government officials in the offshore tax haven. High net worth individuals who establish discretionary trusts to manage their wealth stand to benefit.
    November 01 2003
  • Belgian tax boutique hires DLA tax lawyer
    Vandendijk & Partners successfully lured Marc Quaghebeur from DLA on October 1 2003. The boutique firm was set up in 2000 and specializes in domestic and international taxation particularly in the financial services and insurance industries.
    November 01 2003
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