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  • Davis Polk and Sidley Austin work on Aon share offering
    Davis Polk & Wardwell and Sidley Austin Brown and Wood have advised on the common stock public offering by Aon Corporation
    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
  • Malaysian tax department threatens traders
    Malaysia traders have been told to pay the government the service tax they collect from customers as quickly as possible or face action by the country’s tax department
    November 17 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 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
  • Criminal proceedings against M Hoffmann
    Interpretation of Article 13A(1)(n) of the Sixth Council Directive 77/388/EEC on harmonisation of member state laws on turnover taxes – Common system of valued added tax: uniform basis of assessment – ‘Other cultural bodies’ recognised by the member state concerned – Soloist (included thereunder?) – ‘Activities in the public interest’ – Concert with primarily commercial aims (included thereunder?).
    November 14 2002
  • Ernst & Young cautions on UK corporate tax
    Professional services firm Ernst & Young has cautioned against the UK government rushing into corporate tax reform
    November 10 2002
  • Shearman & Sterling advises Deutsche Bank on tax deal
    Shearman & Sterling advises Deutsche Bank on tax deal Sunday, 10-Nov-02 00:00:00 GMT NewsInBrief 11437 Shearman & Sterling has represented Deutsche bank on the sale of parts of its Global Securities Services business to State Street. State Street will pay up to $1.5 billion in cash or a combination of cash and stock for the business though the price is subject to adjustment.
    November 10 2002
  • Accounting oversight board in chaos as Pitt stands down
    Controversy over the selection process for the new public oversight panel in the US caused the Chairman of the Securities and Exchange Commission (SEC), Harvey Pitt, to resign on November 5 2002
    November 10 2002
  • KPMG sets up Canada tax centre
    KPMG has created a Canadian tax centre of excellence in its New York office
    November 10 2002
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