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Kim Marie Boylan has joined Latham & Watkins as a partner from the Washington office of Mayer, Brown, Rowe & Maw. Boylan focuses on tax and accounting policy issues as well as general tax litigation work.

Companies resident in Ireland are no longer automatically excluded from the UK's controlled foreign companies (CFC) charge for accounting periods beginning after October 10 2002. This affects UK companies that rely on Ireland featuring on the UK's 'excluded countries' list in order to avoid a CFC charge in relation to their interest in an Irish company.

Even though the chapters of the Tax Code covering the major taxes applicable in the Russian Federation have all recently come into force, the Russian legislature continues to make various amendments to tax legislation. Though most of these amendments are of a technical nature, some can seriously affect both foreign and domestic businesses.

Frits Bolkestein, EU's internal market commissioner: Switzerland should aid its EU neighbours The implementation of the EU's savings tax project looks as far away as ever after October meetings between the Commission and the Swiss Ministry of Finance were unsuccessful. The Commission is battling to bring in the directive by the end of this year but the initiative has stalled because several member states have said that they will withdraw from the project unless third-party countries, including Switzerland, agree to equivalent measures.

Many high-profile mergers have failed to live up to expectations and have eroded share value. Companies can save time and money if they ask themselves three key questions argues Jim Dillavou in Dallas of Deloitte & Touche

The French Finance Law of 2002 significantly amended section 209II of the French Tax Code (FTC) relating to the transfer of NOLs (net operating losses) in corporate restructuring (mergers, spin-offs, split-offs and contributions of business lines). French tax authorities issued administrative guidelines on this new provision (August 21 2002, 13 D-2-02) in which they notably made comments upon cross-border transactions.

Australia has always had an unenviable reputation as a high-tax regime. While the recent introduction of a goods and services tax (GST) has moved the magnifying glass towards consumption taxes, income tax still remains uncomfortably high and this continues to be a major impediment to Australia's global ambitions.

Deloitte snares Alberto Terol Sunday, 27-Oct-02 00:00:00 GMT NewsInBrief 11350 Alberto Terol has joined Deloitte Touche Tohmatsu as deputy global managing partner, tax and legal. Terol was previously the area managing partner for western Europe at Andersen and had also been the managing partner of tax, legal and business advisory services at the firm.

The Australian Association of Chartered Certified Accountants (ACCA) is urging the government to extend its proposals put forward in its Review of International Taxation Arrangements

Herbert Smith and Lovells on Littlewoods deal Sunday, 27-Oct-02 00:00:00 GMT NewsInBrief 11348 LW Investments, owned by David and Frederick Barclay is to acquire Littlewoods for £750 million ($1.16 billion). Herbert Smith is advising Littlewoods on the deal with Howard Murray and Rob Young working on tax matters. Lovells is advising LW Investments on its recommended offer for the acquisition from members of the Moores' family. Daniel Friel, Mathew Oliver and Philip Harle are providing tax advice on the transaction.