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  • Gall elected as partner with Kronish Lieb
    Kronish Lieb Weiner & Hellman in New York has elected Phillip Gall as a partner in the tax group. Gall specializes in partnership and corporate income tax matters as well as joint ventures, international tax matters and tax litigation.
    February 01 2001
  • Hong Kong
    Payments that are not otherwise chargeable to profits tax that have been received for the "use of" or "right to use" a patent, design, trademark, copyright, etc in Hong Kong are deemed to be taxable income. The tax commissioner considered that where a Hong Kong business could be said to have incurred royalty expenses in producing its Hong Kong sourced profits, the intellectual property concerned must have been used in Hong Kong.
    February 01 2001
  • US and WTO fight on
    David Benson, Hal Hicks and Margaret O'Connor of Ernst & Young LLP in Washington, D.C. provide a round-up of recent US legislative developments, IRS new treaty moves and court cases. Disagreements with the EU and the meaning of "liable to tax" make the news
    February 01 2001
  • OECD creates joint task force
    The OECD, the Commonwealth, and representatives of Caribbean and Pacific countries have agreed to create a task force to discuss reform in offshore centres.
    February 01 2001
  • Deloitte & Touche expands transfer pricing group
    Big five accounting firm Deloitte & Touche has boosted its Transfer Pricing and Competent Authority team in Canada by hiring three prominent government specialists.
    February 01 2001
  • Japan
    On December 13 2000, the Ruling Party in Japan released its Proposed Changes in Tax Laws (the Proposal) for the governmental fiscal year 2001. The following is a brief summary of the proposal.
    February 01 2001
  • Hong Kong squares up to e-tax
    If Hong Kong is to develop into an attractive location for e-business, concrete measures need to be put in place. Mark Norris, Guy Ellis and Colin Farrell of PricewaterhouseCoopers, Hong Kong review the efforts to date
    February 01 2001
  • Norton Rose advises Wanadoo on takeover
    Norton Rose is advising Wanadoo and France Télécom on Wanadoo's £1.65 billion ($2.65 billion) share offer for Freeserve.
    February 01 2001
  • Linklaters works on Homebase sale
    Linklaters & Alliance has advised J Sainsbury on its disposal of Homebase, the sale and leaseback by Homebase to Sainsbury's of a portfolio of properties and the £30 million ($43.6 million) re-investment by Sainsbury's in Homebase. The deal is valued at £969 million.
    February 01 2001
  • waimon.gif
    Ernst & Young lures Baker & McKenzie talent
    As Ernst & Young snaps up the pick of the law firm practitioners, questions arise over the relevance of the law firm model to international tax work
    February 01 2001
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