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  • The French government announced on June 27 2003 that it would be offering tax breaks for foreign executives working in the country. The tax breaks, which would also apply to returning French nationals, aim to simplify procedures for foreign investment. The government hopes to influence creativity within the country's high-value service sectors.
  • Stephen Coleclough of PricewaterhouseCoopers analyzes value-added tax and its future in Europe
  • The new rules below can be applied to the investment on or after January 1 2003, but from the years ending on or after April 1 2003. If a corporation, whose business yearend is March, acquires the eligible asset during the period from January 1 to March 31 2003, it can enjoy the tax benefits in the year beginning April 1 2003.
  • The January 2003 issue of International Tax Review reported on the landmark Lankhorst-Hohorst decision of the European Court of Justice (ECJ Case C324/00 of December 12 2002) by which the court held a central provision of the German thin-capitalization rules to contravene EU law.
  • David Benson and Michael Mundaca of Ernst & Young deliver an update on President Bush's tax-cut package and outline the implications of the new US-Japan tax treaty
  • Dr Jürgen Hartmann of CMS Hasche Sigle reveals the implications of new rules on the reduction of tax benefits and the exemption provisions
  • ECOFIN, the group of finance ministers of EU member states, agreed upon a tax package on June 3 2003 covering cross-border interest and royalty payments and a political commitment to phase out harmful tax practices. The package has three parts:
  • The Organization for Economic Cooperation and Development (OECD) is threatening to place Switzerland on a tax blacklist because of what it has called harmful tax practices. Switzerland has also been under intense pressure over the issue of information-sharing and keeping banking clients confidential. For many years EU countries such as the UK have been lobbying for more transparency in Switzerland's banking system.
  • Roberto Haddad of Branco Consultores explains what the tax reforms will mean for companies operating in the country
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