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  • Failure by a member state to fulfil its obligations – Indirect taxes – Total burden exceeding the authorised maximum rate – Directive 69/335/EEC.
  • US firm Jones, Day, Reavis & Pogue is acting for Pernod Ricard in the €700m ($592m) sale of its soft drinks business to Cadbury Schweppes.
  • Failure of a member state to fulfil its obligations – Articles 17 and 18 of the Sixth VAT Directive – Replacement of VAT refund by issue of government bonds.
  • Clifford Chance has recruited a Price WaterhouseCoopers partner to head a new tax practice in the firm's Brussels office.
  • The Jordanian Lower House of Parliament rejected Senate proposals for a corporate tax reduction for banks from 35% to 25% on May 30, according to a report in the Jordan Times. The House was considering draft tax legislation that had been passed back to it with amendments by the Senate.
  • Milton Friedman, the Nobel prize-winning economist, has criticized the OECD's drive against the harmful tax practices of tax havens
  • China is to bring the taxation of foreign-invested enterprises (FIEs) into line with the taxation of domestic companies, according to a report in the Yangcheng Evening News. The Chinese State Council is believed to have approved changes to the tax law that will give economic zones within China the ability to decide whether to continue with special tax breaks to FIEs. The present consensus is reportedly to set the standard corporate tax rate at 25% for both domestic companies and FIEs.
  • This young and focused team delivers a first-class, cost-effective and unstuffy service by ensuring that it communicates its innovative tax planning advice in a user friendly and commercial manner. Work includes structuring acquisitions, disposals and mbo’s, group tax, tax treaties and VAT. Ref 1472.J Contact: Simone Templeton, Garfield Robbins
  • World class law firm. Extensive liaison with worldwide offices advising investment banks on the tax aspects of takeover bids, privatisations, domestic and international equity offerings and regulatory issues. Ref: 1517.J Contact: Simone Templeton, Garfield Robbins
  • Major Wall street practice which has cautiously but successfully grown over the last 10 years has an opportunity for an ambitious corporate or finance tax lawyer. One of the most profitable partnerships in the world. No following required. Ref: 10216.N Contact: Simone Templeton, Garfield Robbins