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  • Chartered accountants in Scotland are calling on the UK government to appoint a minister for taxation to spearhead reform and simplification of legislation
  • As part of its plan to improve disclosure by listed companies, France's securities market regulator is to force companies to rotate their auditors
  • Dechert is opening a full-service office this week in Frankfurt, Germany, run by the former managing partner of Simmons & Simmons’ German operations
  • Deloitte & Touche is the leading tax firm in the US for planning and transactional work according to International Tax Review’s latest survey
  • Stibbe is planning to build a UK-based tax practice by moving a partner from New York to London by the end of this month
  • The UK has taken a step closer to allowing lawyers to set up in partnership with accountants with the publication of a consultation document on the legal profession
  • Irish subsidiaries of UK-owned parent companies could be hit with higher bills after the British government announced Ireland’s low-tax regime means companies operating there no longer qualify for automatic exemption from UK tax
  • US president George Bush has increased the pressure on the country’s corporates by calling on them to pay their taxes and not seek offshore havens
  • The body in charge of setting international accounting standards has moved a step closer to demanding that companies fully disclose the costs of granting share options to employees
  • Canada’s auditor watchdog is being warned to stop using US-style rigid rule-based reporting standards in favour of International Accounting Standards, if it wants to restore investor confidence