Search results for

Suite 3000, Maritime Life Tower

Toronto:

MILLAR MWK Tax Lawyers

227 W Monroe Street, 44th Floor

Scotia Plaza, 40 King Street West

Ernest Mazansky, (standing) and team, Werksmans South African law firm Werksmans has boosted its tax group with three lateral hires including the former national chairman of Grant Thornton Kessel Feinstein in South Africa.

On May 3 2002, rulings were given in two important plenary cases concerning Norway's penalty tax. The court found that the use of enhanced additional tax (45% or 60% of the assessed tax), and at the same time punishment imposed under the Norwegian criminal law, was a breach of Protocol 7, article 4 of the European Convention on Human Rights (ECHR), and the rules governing double penalty. In one case, the additional tax was imposed before the court sentence was delivered in the criminal case. In the other case the two punitive decisions were applied in reverse order.

A recent decision by Germany's highest tax court revises the interpretation of section 160 of the German Tax Procedure Act (AO or Abgabenordnung) as it applies to mailbox companies resident within the EU.

ECJ postpones ruling on Austrian dividends received tax

Australian tax law to implement tax consolidations came into effect from July 1 2002. Tax consolidation is primarily an integrity measure that addresses government concerns about loss duplication and value shifting, but it will also effectively remove a layer of structural complexities and a myriad of debt financing difficulties often faced in mergers and acquisitions (M&A) activities.