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  • Chancellor announces date for UK budget
    The 2009 UK budget will take place on April 22, chancellor Alistair Darling has announced. The budget will be delivered after Parliament returns from its Easter recess and just two weeks after the UK hosts the G20 summit of world leaders.
    February 12 2009
  • Belgische Staat v NV Cobelfret
    Directive 90/435/EEC; Article 4(1); Direct effect; National legislation designed to prevent double taxation of distributed profits; Deduction of the amount of dividends received from a parent company's basis of assessment only in so far as it has made taxable profits.
    February 12 2009
  • KPMG takes two from rivals
    KPMG has poached two new tax partners from the firm's big four competitors.
    February 10 2009
  • Hungary awaits news on VAT increase
    Hungary's VAT hike is expected to be announced on Monday. The predicted increase, reported in International Tax Review last month, is set to see the top rate of VAT rise three percentage points to 23%.
    February 10 2009
  • India's interim budget fails to deliver on tax policy
    India's interim budget failed to lower tax rates, despite the acting Finance Minister claiming that the rates 'must fall' to promote tax compliance in the country
    February 18 2009
  • Belgium loses Cobelfret dividend case at European Court
    The European Court of Justice (ECJ) ruled in the Cobelfret case last Thursday that Belgium had not implemented article 4 (1) of the EU Parent-Subsidiary Directive properly
    February 18 2009
  • Energy tax incentives are substantive in US economic stimulus
    The US economic stimulus package, which President Obama signed into law yesterday, includes the repeal of a controversial Internal Revenue Service (IRS) notice on tax losses, as well as significant renewable energy tax incentives
    February 18 2009
  • UK tax authorities rule internet intermediary service is not VAT exempt
    A VAT tribunal (Leadx v HMRC) has ruled that an internet-based bidding system allowing brokers to buy and sell leads for potential customers was not within either the insurance or finance-related exemptions from VAT under the EC VAT directive.
    February 10 2009
  • Commission opposes German law that gives tax breaks to venture capital firms
    The European Commission has opened a formal investigation into planned German tax advantages for venture capital companies and individuals investing in target enterprises.
    February 09 2009
  • Deloitte sets up in Middle East
    John Belsey has moved to Dubai to head Deloitte's international tax services and M&A tax practice in the Middle East. He was formerly an M&A tax partner in London and was the client relationship partner for some of the firm's biggest global clients, as well as leader of the firm's services to the UK government and public sector.
    February 10 2009
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