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  • 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
  • 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
  • China reduces corporate tax for finance industry
    The Chinese Ministry of Finance is to lower the business tax rate for the financial and insurance industries over the next three years, according to local reports, in a bid to spur the expansion of the domestic markets.
    April 07 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
  • UK Revenue to face hundreds of claims following ECJ ruling
    The European Court of Justice handed down its decision last month on part of the UK’s corporate tax regime and found in favour of two German groups, Hoechst (now Aventis) and Metallgesellschaft. The decision could prove costly for the UK government
    April 07 2001
  • US Treasury hires senior advisor
    Jeffrey Paravano, a former tax partner of Baker & Hostetler, has joined the US Treasury's Office of Tax Policy as senior adviser to Mark Weinberger, assistant secretary for tax policy.
    April 07 2001
  • Sutherland Asbill boosts tax practice
    The Washington DC office of Sutherland Asbill & Brennan has added a lateral partner to its tax group. Brook Voght joins the US firm from Miller & Chevalier, Chartered. He will focus his practice on tax controversy matters for industries including public utilities and energy, and banking and insurance.
    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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