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  • Thailand signs tax treaty with the Seychelles
    The Seychelles ambassador to Malaysia has signed an agreement with Thai foreign minister Surakiart Sathirathai to avoid double taxation between the two countries. The agreement will benefit Thai businesses involved in exporting to the Seychelles, Sathirathai said. The Seychelles is thought to be keen to attract Thai investment in its hotel industry, and is negotiating further treaties with other trading partners.
    April 28 2001
  • US republicans propose permanent web-tax moratorium
    US republican senators George Allen and Conrad Burns have introduced a bill intended to make the country's present internet tax moratorium permanent. The Internet Tax Non-discrimination Act will extend the provisions of the Internet Tax Freedom Act, which prevents consumers from being taxed in multiple states on their online transactions and bars all federal taxes on electronic commerce. The present moratorium became effective on October 1 1998 and is due to expire on October 21 2001.
    April 28 2001
  • US Democrats defeat proposed tax amendment
    The Democrats have defeated a proposed US constitutional amendment that would require the support of a two-thirds majority in both houses to raise taxes
    April 26 2001
  • Putting the QI rules into practice
    In last month’s article, the authors discussed the tricky question of what constitutes a QI and recently issued guidance by the IRS. Part two of this article answers frequently asked questions about the day-to-day application of the QI rules and addresses the need not to be complacent, By Philip Marcovici and Marnin Michaels of Baker & McKenzie’s Zurich office, Thomas O’Donnell in the Paris office and David Balaban and Peter Connors of Baker & McKenzie in New York
    April 25 2001
  • Japan plans tax breaks for treasury stock buys
    The tax panel of Japan's ruling Liberal Democratic Party is to introduce tax breaks for companies using the treasury stock system to buy back shares and keep them in reserve. The government removed the ban on the process earlier this month, and approved the liberalization of treasury stocks in its emergency economic package.
    April 21 2001
  • Clifford Chance and Freshfields announce New York promotions
    Clifford Chance and Freshfields Bruckhaus Deringer are to bolster their New York practices with the appointment of seven partners across a variety of practice areas at the UK firms.
    April 21 2001
  • Chile unveils reforms to revive stock market
    Chile's finance minister has announced a package of tax reforms aimed at encouraging foreign investment and at stimulating the country's stock market
    April 21 2001
  • OECD to resume watch on transfer pricing guidelines
    The OECD has agreed to resume monitoring of the implementation of its transfer pricing guidelines, following pressure from business and industry
    April 21 2001
  • Belgian tax reforms imminent
    Belgian finance minister Didier Reynders has said the government will introduce its corporate tax reform plans before the parliamentary summer recess begins, according to reports. The government is expected to cut the corporate tax rate, but to reduce the scope for tax deductions available elsewhere in the economy.
    April 19 2001
  • London - Tax (US firm)
    3 years+ Opportunity to join a leading tax practice on both sides of the Atlantic. The firm already has a strong tax team and is building on this. Transactional and advisory matters in a dynamic and highly successful environment. Not an opportunity to be missed. (from £90,000) Ref:LW8544F Contact: Emma Adams, Garfield Robbins
    April 19 2001
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