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  • Differences in national tax and legal regimes across Europe are hampering the development of Europe’s private equity and venture capital sector, the European Venture Capital Association (EVCA) said this week
  • The London Stock Exchange last week called for the UK Chancellor of the Exchequer to abolish stamp duty on share transactions in his Budget to be announced later this month
  • Watson, Farley & Williams has hired a senior associate from Allen & Overy for its New York tax group. Patricia Iandoli has joined the firm's international tax group as a partner. Iandoli specializes in asset finance tax work.
  • International law firm Herbert Smith has promoted two of its tax associates to the level of partner. Isaac Zailer and Derek Hill joined the partnership on March 19 2003.
  • The Securities and Exchange Commission's (SEC) acting chief accountant is leaving the organization and returning to private practice. Jackson Day joined the SEC in September 2000 as deputy chief accountant and became acting chief accountant in November last year.
  • Freshfields, Bruckhaus, Deringer has advised Degussa on its $250 million sale of Polymer Latex. Tax advice was provided by Hans-Joerg Ziegenhain of Freshfields, Bruckhaus, Deringer in Munich. Polymer Latex was bought by Soros Private Equity Partners, which was advised by Eugen Bogenschuetz of Allen & Overy in Frankfurt.
  • The Brazilian law firm Goulart Penteado, Iervolino e Lefosse Advogados, which is associated with Linklaters, has lured a tax partner from KPMG
  • The EU has taken another step towards imposing sanctions against the US in the ongoing trade war between the two countries over unfair tax breaks for US exporters
  • Despite pressure from audit firms, the European Commission is refusing to propose legislation to limit auditor liability
  • Singapore companies with overseas branches and subsidiaries were given a boost last month when the government announced a Budget which, according to the country’s Finance Minister, Lee Hsien Loong, will exempt 90% of Singaporean companies’ overseas income from tax