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  • The UK tax authorities have said they will not appeal the decision by the Court of Appeal in London that businesses earning commission through the introduction of customers to insurers are exempt from VAT.
  • Multinationals operating in Taiwan need to consider new approaches to dealing with withholding tax after the country's Supreme Administrative Court contradicted tax guidelines issued only last year.
  • India's Authority for Advance Rulings (AAR) has affirmed the position that the transfer of shares held as capital assets to a wholly owned Indian subsidiary would not be chargeable to tax.
  • Vodafone yesterday settled its long-running dispute with the UK government over the taxation of its foreign earnings.
  • The Accounting Standard Board (ASB)in the UK proposes to replace generally accepted accounting principles (GAAP) with international financial reporting standards (IFRS) for small and medium enterprises (SME).
  • The Vietnam Ministry of Finance has provided guidance for taxpayers on whether companies could obtain tax incentives on their taxable income.
  • A soft farewell to the last year and a gentle introduction to the new one has not materialised for taxpayers. Though, officially, recession is fading away around the world, it does not mean that tax directors can take a breather. Important litigation in the US and Canada, for example, moves towards substantive tax reform in some leading economies, continuing efforts to combat offshore tax evasion and an increasing interest in developing countries to establish robust transfer pricing regulations have seen to that.
  • One of the Baker & McKenzie team that helped Veritas Software win a case about the valuation of cost sharing agreements at the US Tax Court in December has been promoted by the firm. Catlin Urban has become a director in the US tax controversy practice.
  • Julie Marion has become a tax partner of Latham & Watkins in its Chicago office. She advises companies on acquisitions, joint ventures, insolvency and restructurings, tax planning and international tax matters. She also works on partnership and related tax matters in connection with the formation of joint ventures and investments using pass-through structures, and is a specialist in energy tax credit partnerships.
  • German firm Nörr Stiefenhofer Lutz has made Dita Sulcová an associated partner. Sulcová specialises in the tax structuring of M&A transactions and international taxation.
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