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A state Superior Court judge in Anchorage, Alaska has rejected the state’s claim that BP owes $1 billion in state tax revenue and other royalties as the result of a 2006 oil spill in the Prudhoe Bay.

The European Court of Justice (ECJ) ruled in favour of the taxpayer in two cases yesterday that looked at whether the leasing transactions were set up to avoid VAT. However, in one case, there are still some questions for the UK courts to decide concerning abusive practice.

The body set up by the Australian government to advise it on the design and implementation of new taxes for the natural resources industry has recommended that Prime Minister Julia Gillard credit all current and future state and territory royalties to the MRRT accounts of mining firms.

Boston Scientific, an international producer of medical devices, announced on Tuesday that the Internal Revenue Service (IRS) in the US has issued the corporation with a notice of deficiency, outlining unpaid taxes and interest.

The Finnish Ministry of Finance’s tax working group (TWG) proposed a number of reforms this week that would shift the tax burden from labour and corporations to consumption.

Andrew Cullen, president of the Irish Taxation Institute, outlines the plans for the future of Ireland’s tax regime and explains how the next 12 months will be crucial for the sustainability of the country’s economy.

Richard Zarin and William Zimmerman of Morgan Lewis & Bockius investigate why the US Congress is having such difficulty passing carried interest legislation.

Philippe Freund analyses some of the key dividend tax issues that have been raised in European cases recently, such as exemption versus imputation and the use of exchange of information provisions

Mason Hayes+Curran in Dublin has hired a new head of tax to begin "a strategic initiative" to strengthen its tax group. John Gulliver arrives at the firm from a boutique independent tax practice.

Richard Sherman has become a managing director with Alvarez & Marsal Taxand in Chicago. He is a member of the transaction tax practice and advises strategic clients the tax aspects of M&A, cross-border investments, repatriations, tax modelling and bankruptcy tax planning, tax due diligence, tax structuring, financial modelling, tax efficient financing structures, foreign tax credit planning, local country tax planning and transfer pricing. He was formerly a senior manager with Ernst & Young.