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  • Compaq decision deals blow to IRS’ fight against tax havens
    After several years of aggressive action against corporate tax shelters by the IRS, the future could be looking bright for corporate taxpayers. With a December 28 ruling in favour of Compaq, the IRS lost its fourth tax shelter case in a row and with two of the cases almost identical in structure it seems certain that the government will have to readdress the way that it looks at transactions.
    February 01 2002
  • EU to tax non-EU digital products
    In December EU finance ministers agreed to impose a tax on digital products downloaded from outside the EU by European citizens. The tax, which will be in place for three years, will cover music, software and computer games downloaded on the internet. The EU claims that it will remove a competitive handicap but it could prompt complaints from US companies, which are currently exempt from levying the VAT on digital products. Detailed rules will be decided upon in February.
    February 01 2002
  • Riccardo Prisco Srl v Amministrazione delle Finanze dello Stato; Ministero delle Finanze v CASER SpA
    Repayment of charges levied in breach of Council Directive 69/335/EEC of 17 July 1969 concerning indirect taxes on the raising of capital – Charge for entry on the Register of Companies – Time-limit – Determination with retroactive effect of a flat-rate charge – Rate of interest.
    January 31 2002
  • Bird & Bird raids Andersen for Dutch tax launch
    Bird & Bird will be able to offer comprehensive tax law advice to its Dutch clients from next month, when two tax specialists join the firm from Andersen
    January 27 2002
  • OECD groups report on stock option progress
    Representatives from OECD member states are meeting this week to discuss their work on taxation of stock option schemes
    January 27 2002
  • EU takes France to court for breaching free capital-movement
    The European Commission is taking France to court for breaching EU rules on the free movement of capital
    January 27 2002
  • Italy prepares challenge to state aid ruling
    Italian finance minister Giulio Tremonti has announced government plans to challenge a European Commission ruling requiring Italy’s banks to repay tax breaks that could amount to anything up to $2.51 billion
    January 27 2002
  • Korea offers foreign investment incentives
    Foreign companies investing in Korea will be able to claim tax breaks from lower levels of investment than previously
    January 27 2002
  • EU and US discuss WTO dispute
    Trade representatives from the EU and the US have met to discuss a solution to the long running World Trade Organization dispute over tax breaks for US exporters.
    January 27 2002
  • EU concerned at calls for protective duties on uranium
    The US trade authorities have ordered protective duties on EU exports of enriched uranium
    January 27 2002
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