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  • Tax breaks for smaller Romanian companies
    Small and medium-sized companies (SMEs) in Romania are to pay a 2% turnover tax instead of the standard 25% tax on their profits, according to local reports.
    April 18 2001
  • Austria overhauls its tax regime
    Corporate and private tax regime changes in Austria aim to improve national budgetary figures, as well as introduce new regulations for employee shareholdings and investment funds, By Herbert Buzanich and Michael Sedlaczek of Freshfields Bruckhaus Deringer, Vienna
    April 17 2001
  • Changes to the taxation of financial instruments
    If accounting standards change and a company’s debts are marked to market, will tax systems be forced to change their approach? By Roger Muray of Ernst & Young, London
    April 17 2001
  • China to change sales tax policy
    The Chinese Ministry of Finance will change its sales tax policy to end advantages given to foreign companies over their Chinese counterparts, according to local reports.
    April 14 2001
  • Baker slams France and Germany for high tax burden
    A Baker & McKenzie report has revealed that France and Germany impose the highest tax burdens on companies in Europe, which highlights the problems facing the EU in harmonizing corporate tax rates
    April 14 2001
  • Baker & McKenzie expands German team
    Baker & McKenzie has hired two partners in Germany, in a bid by the US firm to strengthen its corporate and tax capability. M&A partner Andreas Hoffman joins Baker in Munich from the management board of Advanced Medien. He was previously assistant general counsel of Metallgesellschaft and corporate counsel of BMW, after working as an associate with Baker.
    April 11 2001
  • Australia tightens up on funding
    Proposed changes to Australia’s thin capitalization and debt:equity rules give investors little time to prepare for the dramatic shift in the treatment of relevant transactions, By Joe Niven and Neil Ward Deloitte & Touche, Melbourne
    April 11 2001
  • India balances growth and simplicity
    India’s recent budget represents a balancing act between addressing fiscal deficit and encouraging investment, By Rajeshree Sabnavis and Harish Hulyalkar of Andersen, Mumbai
    April 11 2001
  • Germany pushes for reforms
    The German state of Hesse, which oversees Frankfurt, is calling for reforms to tax laws governing foreign earnings by German companies. According to local reports, the state's finance minister Karlheinz Weimer said the German economy would suffer if the laws were not reformed soon.
    April 11 2001
  • Russia extends profit tax to controlled foreign companies
    The Russian government is to extend its corporate profit tax of 30% to foreign companies controlled and managed from Russia. Under existing rules, many Controlled Foreign Companies (CFCs) are exempt from the tax.
    April 10 2001
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