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The US Treasury has released regulations it plans to use to stop groups of companies from duplicating losses for tax purposes

UK firm Lovells has poached Julianne Reynolds and Karen Ostad for its New York tax and restructuring practices

Despite a forecast increase in the UK’s budget deficit there is no immediate need for tax increases or spending cuts according to PricewaterhouseCoopers

Clifford Chance has chosen Douglas French for its new global practice area leader for the tax, pensions and employment practice

Professional services firm Ernst & Young has dropped its attempts to delay a joint disciplinary scheme investigation into its audit of Equitable Life

Ernst & Young in the US is being sued for $2 billion over its role in a US bank’s collapse last year

Torys has boosted its Toronto tax group with a lateral partner hire from Borden Ladner, Gervais.

The Treasury and Internal Revenue Service (IRS) have extended their taxpayer advocacy panel to 50 states and announced the selection of 102 members

The world’s two most influential accounting standards boards have signed a convergence agreement to create a single set of key international standards

Following the publication of Normative Instruction 167 (June 18 2002), the Brazilian tax authorities issued, on October 1 2002, Normative Instruction 200 (NI 200), which brings further details and clarification about the new requirements for legal foreign entity domiciled outside Brazil to obtain a taxpayer identification number. Under NI 200, non-resident companies owning goods and rights in Brazil, subject to public registration, are obliged to apply for and obtain a federal taxpayer identification number. This is known as the Cadastro Nacional da Pessoa Jurídica (CNPJ).