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US Customs finally meets its match

US importers have traditionally met with little success when challenging unfavourable rulings by the US Customsauthorities. The decision in Mead represents an important challenge to this state of affairs. By Damon Pike and Giovanni DiCenso, of Deloitte & Touche, Atlanta and Washington DC

January 03 2002
Thailand woos foreign companies with tax breaks

Foreign companies are to be offered wide-ranging tax breaks to persuade them to establish regional headquarters in Thailand

December 16 2001
Shaw Pittman to advise Inland Revenue on outsourcing

US firm Shaw Pittman is advising UK tax agency the Inland Revenue on its outsourcing tender

December 16 2001
UK minister slams Swiss banking secrecy

The UK government has criticized Swiss banking laws, telling the country to fight harmful tax practices or risk tarnishing its reputation by an over-attachment to secrecy

December 16 2001
German tax compromise averts share disposal fears

German companies will now be able to sell their corporate shareholdings without the risk that the capital gains will be subject to a municipal tax of around 10%

December 16 2001
EU orders Italian banks to repay tax breaks

Italian banks have been told to repay tax breaks that could amount to anything up to $2.49 billion, after European regulators said the country’s tax laws breach EU rules on state aid

December 16 2001
Japan heeds foreign warnings on cross-border repo levy

Foreign bond investors are expected to cheer the Japanese government’s decision to leave cross-border repurchase transactions free from taxation

December 16 2001
A&O raids Clifford Chance for Spanish launch

Allen & Overy is launching a full-time Spanish tax practice after hiring two practitioners from UK rival Clifford Chance

December 16 2001
Antigua signs US information deal

Antigua and Barbuda has moved closer to shedding its tax haven status, after signing an agreement to exchange information with America

December 16 2001
Chinese detectives uncover record tax fraud

Chinese investigators have uncovered a tax fraud involving losses of around $2.4 billion, according to the China Police Daily.

December 16 2001

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