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The French government has continued its climb down over the high charges for third generation (3G) mobile phone operators by setting a low annual tax on revenues

The UK chancellor of the Exchequer has declined to grant corporation tax relief on share options in his latest pre-budget statement, though he pledged to consider whether a deduction should be made available in the future and how access to it could be streamlined

Authorities in the Cayman Islands are fulfilling their commitment to the OECD by signing a tax information exchange agreement with their US counterpart

India must rethink proposed e-commerce taxation if the country is to succeed in the global online economy, according to a committee of international specialists

The Business Coalition for Tax Reform has named the chief financial officer of John Fairfax Holdings as its new chairman, to spearhead lobbying on behalf of Australian businesses

Skadden Arps Slate Meagher & Flom has become the latest US firm to set up a UK tax practice by hiring a partner from fellow US firm McDermott Will & Emery.

The offices of CMS Cameron McKenna and CMS Bureau Francis Lefebvre have joined forces in Bucharest, in a move aimed at improving client services to take advantage of increased business opportunities in Romania

Skadden, Arps, Slate, Meagher & Flom has become the latest US firm to set up a UK tax practice by hiring a partner from fellow US firm McDermott, Will & Emery.

The Federal Tax Court has handed down its most important decision yet on German transfer pricing law. Dated October 17 2001 and released in electronic form in mid-November 2001, the new judgment decides an appeal of a December 1998 decision by the Düsseldorf Tax Court that attracted attention primarily because of the lower court's rejection of the use of so-called secret comparables in transfer pricing litigation (see articles in International Tax Review by Alexander Vögele, July/August 1999, p9, and by Thomas Borstell and Michael Prick, April 1999, p9). In May 2001, an interlocutory ruling by the Federal Tax Court in the same matter signalled the high court's unwillingness to uphold the transfer pricing documentation requirements that had been proposed by the German tax authorities (see article by Alexander Vögele and William Bader in International Tax Review, September 2001, p45).

Shearman & Sterling has raided firms across the globe to boost its international tax practice. In late November the firm announced four lateral partner hires spanning New York, London and Germany.