ITR Search | International Tax Review

Understand Japan's consolidated tax regime

Japan is facing up to a new consolidated tax regime. Andrew Ponting and Yumiko Arai of PricewaterhouseCoopers, Tokyo examine the impact that the new regime will have, its principal features and the implications during the period of transition and for the long term

November 01 2002

Paris hosts Transfer Pricing Forum 2002

Attracting delegates from over 50 multinationals and 24 countries, Paris’ Opera district was brimming with a very select group of tourists in late September when International Tax Review, together with sponsors KPMG, held its second annual transfer pricing forum. Georgina Stanley reports on the action

November 01 2002

US Treasury specifies tax shelter regulations

The US treasury has updated disclosure rules for corporate and individual taxpayers participating in potentially abusive tax avoidance transactions. The new regulations also improve the rules forcing promoters to maintain customer lists for potentially abusive transactions. Under the revised regulations which come into effect in January 2003, taxpayers must disclose, and promoters must maintain investor lists for, six different categories of transactions.

November 01 2002

M&A

NetIQ acquires Pentasafe for $255 million

November 01 2002

A new scenario for cross-border acquisitions

The Italian tax authorities have addressed in a recent tax ruling (the Ruling) the envisaged merger (the Merger) of an Italian company (ItaCo) with a US company (USCo), both listed on the stock exchange of their respective countries.

November 01 2002

Deloitte & Touche CEO resigns

Jim Copeland, the global CEO of Deloitte & Touche and Deloitte Touche Tohmatsu has announced his resignation, at the firm's annual gathering.

November 01 2002

Tax risks with brand royalty fees

The number of domestic patent applications last year reached the highest-ever figure of 439,175. The reason behind the increasing recognition of the importance of IP (intellectual property) may lie in the concerns from industry over declining competitiveness in global markets, as well as the urgent need of companies struggling to offer highly value-added goods or services to survive strong competition in the domestic market.

November 01 2002

US accountants improve standards for detecting fraud

The US accounting profession has announced a new standard for detecting fraud in company audits. The Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA) made the announcement on October 15 2002. The provisions include increased emphasis on professional scepticism, discussions with management about the risk of fraud, unpredictable audit tests and testing for management override of controls on audits.

November 01 2002

How Germany will fulfil election promises on tax

Germany's new government wants to change the country's much-criticized tax regime. Dieter Endres and Andrew Miles of PricewaterhouseCoopers, Frankfurt look at what taxpayers and investors should expect and explain why there are reasons to be optimistic

November 01 2002

Brazilian companies hit as CPMF continues

Companies operating in Brazil have lost their battle to have a 90-day respite from the CPMF (provisory contribution on financial operations) transaction tax. The Supreme Court decided against taxpayers' claims that the cumulative tax of 0.38% on all financial transactions should not be charged for a 90-day period starting from mid-September. The decision means that companies which have failed to pay must now do so while others will not have money returned.

November 01 2002

Search results for