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  • The US Public Company Oversight Board, created by last year's Sarbanes-Oxley Act has named a KPMG partner as deputy chief auditor. Thomas Ray will work with the board as it oversees the accounting industry. Before joining KPMG Ray worked at the American Institute of Certified Public Accountants.
  • Vanuatu has been removed from the OECD's list of uncooperative tax havens after the country committed to improving the transparency of its tax and regulatory systems and to establishing effective exchange of information for tax matters with OECD countries by the end of 2005. The list was published in April 2002 and the Vanuatu is the first to be removed. Six jurisdictions remain on the list – Andorra , Liechtenstein, Liberia, Monaco, The Marshall Islands and Nauru.
  • US manufacturing multinational Ferro has hired Thomas Gannon as corporate vice president and CFO. Gannon will be responsible for overall financial management including accounting, tax and budgeting. Before joining Ferro he worked at Riverwood International, Rockwell International, Pilkington and PricewaterhouseCoopers. Ferro produces performance materials for industrial coatings and performance chemicals and has operations in 20 countries.
  • The US Internal Revenue Service has taken in a host of new talent, drawing key names from the private sector to boost its capabilities
  • US law firm Powell, Goldstein, Frazer & Murphy has hired Zion Levi as of counsel in the firm's tax group in Washington. Levi concentrates on corporate and international tax planning and controversies and represents clients in fields including automotive, banking and finance, real estate and pharmaceutical. Levi previously worked at Washington firm Miller & Chevalier.
  • NautaDutilh has expanded its Luxembourg tax group. The Benelux firm hired Frédéric Feyten from Loyens & Loeff. Feyton was a senior associate at Loyens & Loeff. The firm is expecting to hire a number of junior tax specialists for its Luxembourg office.
  • UK law firm Mishcon de Reya has boosted its tax practice with the hire of private client partner Andrew Goldstone
  • A transaction carried out by the UK Inland Revenue has come under fire by the country’s Treasury. The government has formally admitted that the Inland Revenue made a series of mistakes when it sold its entire property portfolio to a company based in the tax haven of Bermuda in 2001
  • International consulting firm LECG has hired a group of former Andersen staff to develop a European transfer pricing group in London
  • Tax paid in error by a non-taxable person and mentioned on the invoice issued by such a service provider.