Search results for

Chester Wood has taken on the role of national managing partner of Deloitte & Touche's tax practice in the US. Wood succeeds Barry Salzburg who was named managing partner of the entire US firm. The move represents a promotion for Wood, who previously occupied the position of deputy managing partner of the tax practice.

John Whiting: Clients may face more intrusive questions Mark Lee: Accountants want to ensure that the new regulations are workable New legislation on tax offences will hit UK tax practitioners this autumn. Directive 2001/97/EC of the European Parliament requires all member states to pass national legislation to prevent the use of the financial system for the purposes of money laundering and tax evasion. In the UK implementing legislation, financial gains from tax-related offences is treated the same as proceeds from money laundering, drug trafficking or theft.

Customs and Excise are cracking down on missing trader fraud (where a supplier in a chain of transactions fails to account for VAT and simply disappears), particularly in the computer chip and mobile telephone markets. This may lead to a person who is not involved in the fraud suffering a VAT cost.

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.

Under the Indian tax law, an individual's tax status is that of a resident or non-resident. A resident individual is further categorized as a not-ordinarily resident or an ordinarily resident.

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

In the June 2003 issue of International Tax Review, as part of the European survey of leading tax advisers, on page 19, PricewaterhouseCoopers, overall winners in the Swiss table of results, appeared as "Landwell (PricewaterhouseCoopers)" and "Landwell" whereas the they should have been listed as "PricewaterhouseCoopers". We apologise for this error.

Holly Glenn, a former transfer pricing specialist at PricewaterhouseCoopers, joined Baker & McKenzie as a senior economist on July 1 2003. She will provide economic and valuation services in connection with transfer pricing projects and other tax matters.

The Sarbanes-Oxley Act of 2002 (the Act) imposes new restrictions relating to securities issued by entities that qualify as foreign private issuers under US securities laws. Significantly, these restrictions may be triggered by actions which are taken to comply with legal requirements applicable to the issuer's US pension plans.

Stephen Coleclough of PricewaterhouseCoopers analyzes value-added tax and its future in Europe