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Pepper Hamilton expands tax group

The US firm has boosted its tax group with a former principal from KPMG. David Wunder has joined the firm as a partner and will be splitting his time between the firm's Detroit and Washington DC offices. Wunder claimed that the Sarbanes Oxley legislation would prevent him from working with his biggest clients, including Wells Fargo.

February 01 2003

Determining deductible interest without consultation

By KPMG's Harry L Gutman, former head of the US Joint Committee on Taxation

February 01 2003

Special focus - Belgium: What the corporate tax reforms mean

Belgium has lowered nominal corporate tax rates and made some other changes to attract foreign investment. Marc De Munter of Freshfields Bruckhaus Deringer examines the implications of the legislation and whether it will work

February 01 2003

Deals of the year 2002

In our annual round-up of key transactions and the use of sophisticated tax-planning tools, we highlight five distinguished deals. See how your work compares

February 01 2003

France promises tax cuts

French president Jacques Chirac has reportedly promised to continue cutting income tax and social security charges even though growth is lower than predicted. According to the Reuters news service Chirac promised the cuts in his New Year's address to the French National Assembly and Senate.

February 01 2003

Cable & Wireless sets aside tax reserve

Telecoms company Cable & Wireless has ploughed £1.5 billion ($2.4 billion) of its diminishing £2.2 billion cash reserves into an escrow account. The money will be used to cover a potential tax liability that may come from the 1999 sale of mobile phone company One2One to Deutsche Telekom.

February 01 2003

Osler gains from EY's Donahue demise

Al Meghji: Wanted to focus on law Canadian firm Osler Hoskin & Harcourt has benefited from the collapse of Ernst & Young's Canadian law firm Donahue. The firm has picked up one partner and three associates for its tax litigation group. Al Meghji has joined the firm from Donahue and splits his time between the Toronto and Calgary offices. Two associates have moved with him to Calgary and the third is joining the Toronto office.

February 01 2003

Bush axes dividend tax

President George W Bush has proposed legislation abolishing tax on dividends. The legislation would remove the double taxation which dividends face today and make equity financing more attractive to companies. He faces a struggle to get the package passed as both Republicans and Democrats have problems with the $364 billion cost and the distribution.

February 01 2003

Ireland raises VAT

From January 1 this year the supply of certain goods and services in Ireland has been raised to 13.5% from a previous rate of 12.5%. The goods include fuels such as electricity and oil as well as immovable goods and printed matter. Affected services include the provision of hotel and guesthouse accommodation, restaurants, cinema and theatre tickets and sports facilities.

February 01 2003

Singapore ratifies Finland tax treaty

Finland and Singapore have ratified a double tax treaty. The treaty applied to income derived from January 1 2003 and reduces withholding tax on interest and royalties to 5% from 10%.

February 01 2003

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