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More tax havens sign up to OECD initiative

Gibraltar and the US Virgin Islands have committed to the OECD’s initiative on harmful tax practices, it was announced this week.

March 17 2002
EC president calls for tax harmonization debate

Romano Prodi, president of the European Commission, has called for greater coordination of member states’ rules on budgets and tax policies

March 17 2002
SEC relieves pressure on Andersen clients

The Securities and Exchange Commission has given welcome relief to concerned clients of professional services firm Andersen by agreeing to accept audits carried out by Andersen in spite of the company’s indictment over the Enron bankruptcy

March 17 2002
Bahamas makes qualified commitment to OECD

The Bahamas has reached an agreement with the OECD on the organization’s harmful tax practices initiatives, but announced the commitment would be provisional

March 17 2002
International bodies launch tax forum

The OECD, the World Bank and the International Monetary Fund (IMF) have announced they are to work together on tax issues.

March 17 2002
OECD launches consultation on cross border stock options

An OECD working party has proposed a range of solutions to the problems of taxing cross border employee stock options

March 17 2002
US stock-option reforms could harm employees, say opponents

Proposals by US senators Levin and McCain for changes to stock-option accounting have angered critics who say the changes would harm company employees

March 15 2002
European Commission warns over accounting standards

The European Commission has warned the International Accounting Standards Board over its plans for stock option accounting

March 10 2002
Fenwick loses senior tax team to McDermott

Silicon Valley firm Fenwick & West is losing four senior members of its tax practice to McDermott, Will & Emery in Silicon Valley

March 10 2002
More tax havens commit to OECD initiative

The OECD has announced five more tax havens that have joined the organization’s initiative on harmful tax practices, but the treatment of low-tax regimes within the OECD’s own membership is proving to be a sticking point in negotiations

March 10 2002

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