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Marc de Bruijn: wanted the challenge of leading a group SchutGrosheide, the Dutch law firm and member of UK firm DLA's European alliance, D&P, has boosted its tax department with the appointment of three tax specialists.

The European Court of Justice (ECJ) Advocates General (AG) recently concluded in two separate cases that certain Dutch corporate income tax rules and the German thin capitalization rules conflict with the freedom of establishment principle in article 43 of the EC treaty.

During the last week of September, two prosecution cases on tax evasion were heard in the courts. It is rare that the Hong Kong Inland Revenue Department (IRD) brings two cases almost simultaneously to the court for prosecution.

The amended Detailed Rules on the Implementation of the PRC Law on Tax Collection and Administration provides stricter policies for transfer pricing activities in the PRC. Under the new rules, taxpayers are obliged to provide details on the value and fees of transactions between related companies.

Italy's proposed new tax reform sets out to learn from other EU country's experience and be innovative, competitive and simple to apply. Stefano Serbini and Lorenza Fiori of Ashurst Morris Crisp, Milan examine the proposals and explore the implications for Italian companies and foreign investors

National vetoes on taxes mean that European direct tax initiatives have so far fallen flat. But the advocate general and the European Court of Justice (ECJ) are making up for this lack of activity and in the last month alone have given several opinions that could create big benefits for companies. The judgments in late September and early October affect interest deductions across the EU and the possibility of cross-border pension contributions.

Carlyle Group sets up $600 million venture capital fund

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.

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

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.