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  • millarwyslobickykreklewetzpart2.gif
    Millar Wyslobicky Kreklewetz LLP
    MILLAR MWK Tax Lawyers
    March 31 2003
  • fulbrightjaworksi-apr03.gif
    Fulbright & Jaworski LLP
    1301 McKinney, Suite 5100
    March 31 2003
  • fenwickampwest.gif
    Fenwick & West LLP
    Silicon Valley Center
    March 31 2003
  • bateswhiteballentine-apr03.gif
    Bates White & Ballentine, LLC
    Washington, DC
    March 31 2003
  • sveypiechart-apr03.gif
    Who is best to deliver tax services in North America?
    With unprecedented political pressure on corporate governance, scope of services and tax shelter transactions as well as the absorption of Andersen people, tax advice is in a sea of change. Sed Crest speaks with tax directors at leading multinationals to work out how this affects their tax advice needs
    March 31 2003
  • byrne-apr03.jpg
    EY raids PwC's global VAT team
    PricewaterhouseCoopers (PwC) has lost a trio of value-added tax (VAT) professionals specializing in providing companies with global strategic advice on indirect taxes. Ernst & Young (EY) has poached the team to further globalize its indirect tax service in response to what it sees as growing realization by multinationals of the importance of indirect taxes.
    March 31 2003
  • Share buy-backs offer new opportunities for corporate investors
    The High Court has held that, on a share buyback, any amount paid to corporate shareholders in excess of the sum subscribed for the shares is exempt from UK tax.
    March 31 2003
  • New tax rules from 2005
    A tax committee (the Skauge committee) has recently presented a draft for new tax rules from 2005 to the Ministry of Finance. The committee proposes tax relief on employment income and reduction in the wealth tax by 50%. At the same time the committee proposes increased housing and property taxes.
    March 31 2003
  • Consumption tax changes
    There are a few changes for consumption tax rules, which mainly intend to improve the transparency of the consumption tax system and to diminish the number of the small vendors who enjoy beneficial treatments.
    March 31 2003
  • Tax burden increases under new Budget
    Hong Kong faces a fiscal deficit of HK$70 billion ($8 billion) for the year 2002/03 exceeding the original estimated deficit by HK$24.8 billion. In order to eliminate the deficit, the government is prepared to cut the public expenditure to 20% of gross domestic product, increase tax rates and introduce new taxes.
    March 31 2003
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