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  • The Confederation of British Industry (CBI) is calling for the chancellor to stop raising the tax burden for business ahead of Chancellor Gordon Brown’s pre-Budget report
  • US firm Sullivan & Cromwell has lured a tax partner from French firm Jeantet et Associes
  • Articles 43 EC and 48 EC – Company formed in accordance with the law of a member state and having its registered office there – Company exercising its freedom of establishment in another member state – Company deemed to have transferred its actual centre of administration to the host member state under the law of that state – Non-recognition by the host member state of the company's legal capacity and its capacity to be a party to legal proceedings – Restriction on freedom of establishment – Justification.
  • 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
  • Professional services firm Ernst & Young has dropped its attempts to delay a joint disciplinary scheme investigation into its audit of Equitable Life
  • Despite a forecast increase in the UK’s budget deficit there is no immediate need for tax increases or spending cuts according to PricewaterhouseCoopers
  • UK firm Lovells has poached Julianne Reynolds and Karen Ostad for its New York tax and restructuring practices