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  • Japanese merger reforms fail to resolve tax problem
    Proposals in Japan to allow the use of foreign company shares in stock-for-stock deals with domestic entities will be ineffective because the government will not remove prohibitive tax burdens
    February 09 2003
  • EY wins £2.6 billion Equitable Life case
    Ernst & Young has successfully struck out a £2.6 billion claim against it by Equitable Life and the judge described Equitable’s alternative bonus claim as ‘seriously flawed’
    February 09 2003
  • Ireland cracks down on tax avoidance
    With its corporate tax rate down to 12.5% Ireland cannot afford to let any potential revenue slip through the net and its 2003 Finance Bill announced last week attempts to remove the risk of this happening
    February 09 2003
  • Bush Budget targets tax avoidance
    President George W Bush’s Budget announced last week includes measures aimed at cracking down on tax avoidance and non-compliance by both individuals and businesses
    February 09 2003
  • Dorsey & Whitney wins Landwell’s tax litigation group
    US law firm Dorsey & Whitney has launched a tax litigation group in London after acquiring the majority of Landwell’s UK tax litigation group
    February 09 2003
  • KapHag Renditefonds v Finanzamt Charlottenburg
    Sixth VAT Directive – Taxable transactions – Concept of ‘economic activity’ – Admission of a new partner to a partnership in consideration of payment of a contribution in case.
    February 06 2003
  • Auto Lease Holland BV v Bundesamt für Finanzen
    Sixth VAT Directive – Place of taxable transactions – Refund of VAT paid in another member state – Motor vehicle made available under a leasing contract – Fuel management agreement – Person having been supplied with fuel.
    February 06 2003
  • Germany to reverse law blocking true sale securitization
    The German government has said it will exempt banks from a law that has made true sale securitizations impossible for the past two years
    February 02 2003
  • UK announces corporate governance reform
    Measures announced by the UK trade and industry secretary last week to toughen up protection against business malpractice have spared professional services firms from drastic reform
    February 02 2003
  • Big four spared in SEC guidelines
    A lenient Securities & Exchange Commission (SEC) has granted the big four permission to provide tax services to audit clients into the foreseeable future
    February 02 2003
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