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  • 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
  • Gilbert & Tobin raids rivals to launch tax practice
    Gilbert & Tobin has poached partners from Baker & McKenzie and KPMG to develop a tax practice at the Australian firm for the first time
    April 07 2001
  • Sleurink quits Loyens for investment bank
    Paul Sleurink has resigned from his London tax partnership role with Netherlands-based firm Loyens & Loeff to join Merrill Lynch’s corporate finance team as managing partner of the global product development group
    April 07 2001
  • IT consultants lose challenge to UK tax law
    The UK High Court has ruled that IT contractors are to be taxed in the same way as all other employees. IT consultants had been able to avoid some income tax and national insurance payments by setting themselves up as self-employed contractors in situations where they would otherwise be regarded as an employee of their clients.
    April 07 2001
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