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  • The 2002 International Tax Review survey of Latin America’s top tax advisers revealed the effects of Andersen’s demise on the tax landscape
  • A landmark ECJ ruling last week overruled national tax legislation and could allow companies to receive hundreds of millions in compensation, with some experts claiming that it could cost the UK government alone more than £1 billion ($1.6 billion)
  • Transfer pricing specialist David Lewis has joined Deloitte Touche Tohmatsu in Australia. He previously spent 39 years with the Australian Taxation Office before joining the firm's global transfer pricing group in November 2002.
  • According to reports in the Indian press, the country's finance minister has disclosed that the government wants to simplify the tax system. Another aim is to pay more attention to the interaction between tax officers and taxpayers.
  • PricewaterhouseCoopers may drop audit clients unwilling to pay higher audit fees
  • The Australian venture capital industry has been given a boost by tax reform measures passed last week
  • The OECD has warned Germany against further tax rises, claiming that such increases may weaken the country's growth. The organization revealed that while it thought Germany's budget deficit would meet the EU's stability and growth pact requirements by 2004, using revenue increases to reduce the deficit could actually slow growth.
  • The European Commission has failed to agree on its controversial Savings Tax Directive by its end of year deadline
  • Deloitte Touche Tohmatsu has named Tracey Edwards as the firm's new regional tax manger for the Asia Pacific region. Edwards, who will be based in Hong Kong, is taking over from Jim Orr as regional tax managing partner. She was previously working as the deputy national managing partner of strategy and innovation for the US tax practice.
  • Allen & Overy has boosted its tax practice with a lateral hire