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Taiwan signs tax treaty with the Netherlands

Representatives of Taiwan and the Netherlands have reached an agreement that will free Dutch and Taiwanese companies from double taxation on profits arising from investment between the two countries

March 26 2001

UK banks face windfall tax

UK banks could face a windfall tax on their excess profits if they are found guilty of uncompetitive practices. The UK's Competition Commission suggested the measure in a statement earlier this week. The watchdog, which believes the banks may be operating a complex monopoly to overcharge small businesses for bank services, will make a final ruling in June.

March 25 2001

Vietnam reforms to attract foreign investment

Vietnam has changed its tax rules for foreign companies operating in the country to attract more investment. Overseas companies will be able to pay taxes in the local currency rather than foreign currency, and companies that reinvest their profits into local projects for three years will be given a partial or full tax reimbursement. The changes are an attempt to address the bureaucratic tax system in Vietnam, which has discouraged foreign investors.

March 25 2001

Former US Treasury official joins Ernst & Young

Former US Treasury official Karen Gilbreath has joined Ernst & Young in Washington DC as deputy director of the firm's M&A group in the national tax practice.

March 25 2001

Weil Gotshal hires UK tax head

Weil, Gotshal & Manges has hired a corporate tax partner from UK rival Barlow Lyde & Gilbert to head the US firm's London tax team. Gary Richards, a former PricewaterhouseCoopers tax partner, specializes in tax-efficient structures, the structuring of business combinations and spin-offs, innovative funding techniques, and remuneration and compensation packages.

March 25 2001

Tax - US firm

2-5 years pqe A number of opportunities exist at a variety of US firms for top London tax lawyers. The quality of work, career progression opportunities and remuneration will not disappoint. (to £120,000)

March 22 2001

US Republicans seek lower share-trading tax

Republican congressmen in the US are pushing for a reduction in the tax levied by the Securities and Exchange Commission on all shares traded in the country. The tax, which is one three hundredth of one percent, raised $2.27 billion in the fiscal year 2000. The tax was enacted in 1934 to provide funding for the Commission, but in recent years the revenue collected has exceeded the watchdog's budget, provoking the initiative from Republicans.

March 22 2001

IRS clamps down on tax shelters

The US Internal Revenue Service has proposed new rules governing the opinions tax advisers are allowed to offer their clients with regard to tax shelters. By Keith Martin Chadbourne & Parke LLP, Washington

March 21 2001

Cadwalader reveals litigation push

Cadwalader, Wickersham & Taft has hired litigation specialist Charles Camp as special counsel in the Washington DC office from Patton Boggs, where he was a partner. His experience includes commercial and contract cases, domestic and international arbitrations, and actions under the Foreign Sovereign Immunity Act. He recently won the first arbitration award against the Republic of Kazakhstan under the country's bilateral investment treaty with the US.

March 21 2001

Argentina: To PE or not to PE?

For foreign investors in Argentina, the question of whether business activities constitute a permanent establishment in the country is a crucial one. This special report outlines the definition, scope and practicalities of an Argentinian PE. By Daniel Albarellos and Horacio Dinice of Arthur Andersen, Buenos Aires

March 21 2001

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