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  • IRS winners and losers demand vigilance
    The IRS experiences a significant setback in its efforts to combat so-called corporate tax shelters and alleged abusive transactions, unexpectedly concedes the inclusion of stock options in cost sharing pool in Seagate, and has acquiesced on the UK petroleum revenue tax in Exxon v Commissioner. By Hal Hicks, David Benson and Margaret O’Connor, Washington DC
    September 04 2001
  • UK-US tax treaty finally gets updated
    In the 25 years since the current UK-US tax treaty was signed, significant changes have taken place in the world of international taxation. The long-awaited overhaul is now complete, creating short-term uncertainty, but bringing a promise of less than a quarter of a century until the next update. By Chris Harrison and Dave Lewis, Allen & Overy, London
    September 04 2001
  • China passes revised Tax Administration and Collection Law
    China’s government is signaling its emphasis on tax law enforcement in its New Law. Companies may want to make sure their tax affairs are in good order. By Yunfang Wendy Guo, KPMG’s International Chinese Tax Center of Excellence, New York
    September 04 2001
  • EU takes centre stage
    As increasing numbers of corporations operate on a pan-European basis, in-house tax departments and their advisers are looking to bodies such as the EU and OECD to make their work simpler. By Georgina Stanley
    September 04 2001
  • Russian tax police to protect investors from local fraudsters
    Russia’s tax police are to help foreign investors by offering credit-risk assessments on prospective local partner companies, in a bid to stop fraudsters in the country from targeting overseas businesses
    September 01 2001
  • India releases transfer pricing laws
    The Indian government has issued a notice on transfer pricing rules, prescribing five methods for determining arm's length pricing in international transactions
    September 01 2001
  • Japan plans reporting changes for wholly-owned subsidiaries
    Japan's Finance Ministry is to reform the corporate tax regime by introducing a group relief payment structure that will enable holding companies to consolidate the results of wholly-owned subsidiaries before taxation
    September 01 2001
  • Malaysian tax incentives to spur venture capital growth
    The Malaysian government is to offer tax exemptions or deductions to parties involved in encouraging the development of the venture capital industry
    September 01 2001
  • Tax and IP concerns threaten Australian biotech development
    Australia’s life sciences sector is growing, but opportunities could slip away unless funding and legal issues are addressed, according to a new report
    September 01 2001
  • Taiwan to halve land taxes in property market boost
    The Taiwanese cabinet has approved plans to cut capital gains taxes on land for two years, in a bid to stimulate the island’s property market
    September 01 2001
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