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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.
  • The EU has said it intends to create a public oversight system similar to the US’s to prevent Enron-type scandals, threatening to heighten the argument between the two over where an audit firm should register
  • Matt Egger has joined Wiley Rein & Fielding's Washington business and finance practice. Egger joined the firm from the Washington tax practice of Dewey Ballantine. He specializes in corporate mergers, acquisitions and restructurings.
  • Indian law firm Lexindia has launched a tax group in New Delhi attracting key big-four personnel and a corporate tax director
  • Leading Australian tax boutique Shaddick & Spence has hired a former partner of law firm Allens Arthur Robinson
  • Companies operating in Europe might be able to offset overseas losses against other tax liabilities in the Europe Union if UK retailer Marks & Spencer (M&S) is successful in its appeal to the European Court of Justice (ECJ)
  • 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