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  • Switzerland and EC closer on savings tax deal
    A meeting between Swiss and EC officials on November 21 revealed that there has been some progress in the ongoing debate over the EU savings tax directive
    November 23 2002
  • IASB proposes expensing stock options
    The International Accounting Standards Board (IASB) has proposed that companies should account for share-based payment transactions, including employee’s share options as an expense
    November 17 2002
  • US business calls for tax changes may go unanswered
    US businesses hoping to see tax reform after republican gains in the US mid-term congressional elections may be disappointed
    November 17 2002
  • Ernst & Young restructures London foreign tax desks
    Professional services firm Ernst & Young is to restructure its French and German tax desks in London
    November 17 2002
  • Clifford Chance launches Barcelona tax group
    Clifford Chance has launched a tax department in Barcelona with a former Cuatrecasas tax lawyer
    November 17 2002
  • US treasury announces inversion transaction regulations
    The US treasury department has issued temporary regulations forcing companies to inform the Inland Revenue Service and their shareholders when they move their headquarters offshore or are bought by a foreign company
    November 17 2002
  • South Africa approves tax law changes
    South Africa approves tax law changes Sunday, 17-Nov-02 00:00:00 GMT NewsInBrief 11497 The South African national assembly in Cape Town has approved draft legislation seeking to amend several South African tax laws. According to reports in the South African press the Revenue Laws Amendment Bill deals with corporate reorganizations, foreign currency rules and issues for individuals and aims at clarifying the previous legislation and closing loopholes.
    November 17 2002
  • Hong Kong considers tax options
    Hong Kong considers tax options Sunday, 17-Nov-02 00:00:00 GMT NewsInBrief 11498 According to press reports, Hong Kong is considering tax reform and canvassing ideas for the 2003/4 budget to stem falling government revenues. Reports in the Hong Kong Standard predict tax increases including increasing the profits tax.
    November 17 2002
  • UK pre-budget report date announced
    The UK pre-budget report has been set for Wednesday November 27
    November 17 2002
  • Australia’s business council calls for tax reform
    Australia needs to reform its tax system in order to overcome the threat of being marginalized and missing out from the benefits of globalization
    November 17 2002
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