Lowtax Newswire: Law and Tax

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This sample shows the Law and Tax Newswire for the week ending Friday 11th November, 2005

Bank Of England Victorious In BCCI Case 04/11/2005
The liquidators of BCCI finally threw in the towel this week in their GBP850m lawsuit against the Bank of England, unconditionally withdrawing the case after a 12 year battle. *Click Here for Full Story*

	McCreevy Takes A Stand Over EU Corporate Tax Plans 08/11/2005
	Speaking on Friday at a KPMG conference in County Kildare, Internal Market Commissioner Charlie McCreevy publicly broke rank with the EC on the subject of corporate tax harmonisation. *Click Here for Full Story*

UK Government Publishes Company Law Reform Bill 07/11/2005
Under the measures proposed in the legislation, the liability of auditors will be capped, investors will gain powers to make company directors more accountable if they knowingly provide false information to auditors, and the establisment of SMEs will become easier. *Click Here for Full Story*

	Canadian Supreme Court Strikes Blow Against General Anti-Tax Avoidance Rule 08/11/2005
	The Canadian Supreme Court has struck a blow against the government's General Anti-Avoidance Rule (GAAR) by ruling that transactions structured to legitimately minimise tax payments do not constitute a breach of the law. *Click Here for Full Story*

Grokster Settles With RIAA 09/11/2005
After the Supreme Court ruled in June that file-sharing facilitators could be sued, pioneering file-sharing site Grokster agreed on Sunday with the music industry to discontinue its file-sharing service. *Click Here for Full Story*

	Zalm Complains That Dutch Companies Are Paying Too Much Tax 09/11/2005
	Dutch Finance Minister, Gerrit Zalm this week complained that many companies in Holland are paying too much tax to the government, an unusual stance for a man in his position. *Click Here for Full Story*

Cyprus Postpones Eurozone Entry 04/11/2005
Cyprus's government announced on Wednesday that it intends to adopt the euro in 2008, rather than 2007 as originally expected. *Click Here for Full Story*

	Grassley Unveils Tax Cut Plans 10/11/2005
	Facing tightening budgetary constraints, Sen. Charles Grassley (R - Iowa) has proposed a one year extension to the dividend and capital gains tax cuts passed as part of President Bush's growth package in 2003 - one year less than the White House is pushing for. *Click Here for Full Story*

Qualcomm Hits Back At Nokia In Patent Battle 09/11/2005
Wireless technology firm, Qualcomm has hit back following claims by rival firms that it has attempted to stifle the development of 3G mobile phone technology, filing a patent infringement suit against Nokia last Friday in San Diego's District Court. *Click Here for Full Story*

	Japanese iPod Tax Plans On Hold08/11/2005
	It emerged this week that plans by the Japanese government to extend the copyright fee currently imposed on the sale of digital recording devices to iPods and other portable music players have been put on hold. *Click Here for Full Story*

Merck Not Liable In Second Vioxx Suit 07/11/2005
After three days of deliberation, a New Jersey state jury found in favor of Merck, arguing that the company had issued proper warnings regarding the dangerous side effects of the drug. *Click Here for Full Story*

	Chirac May Not Be Able To Cut VAT For Restaurants10/11/2005
	Austria, Denmark, Estonia, Germany, Sweden and Slovakia this week stated their opposition to a further expanansion of reduced VAT rates to labour intensive services. *Click Here for Full Story*

Leading European IP Judges Call For Unified Patent Court 04/11/2005
Many of Europe's leading intellectual property (IP) judges have expressed their support for an industry-led campaign to create a unified European Patent Court. *Click Here for Full Story*

	German Lawmakers Plan To Restore Tax On Corporate Asset Sales04/11/2005
	Restoration of a tax on corporate cross holdings could go ahead as part of broader plans to reform corporate taxation in Germany from 2008. *Click Here for Full Story*

'Gripe Site' Not Defamation, Court Rules 09/11/2005
Ruling recently in a dispute between car insurance firm PennWarranty Corp. and disgruntled ex-customer Ronald DiGiovanni, Justice Judith Gische stated that the site established by Mr DiGiovanni to air his grievances represented protected free speech. *Click Here for Full Story*

	IRS Commissioner Unveils 2005 Enforcement Figures07/11/2005
	Speaking on Thursday, IRS Commissioner Mark Everson revealed that the US tax authority has made significant progress with regard to enforcement activity. *Click Here for Full Story*

French Government To Override Privacy Concerns In Anti-Piracy Fight 04/11/2005
Despite objections expressed by French data protection agency, CNIL to anti-copyright infringement proposals put forward by the country's film and music industries, the French government has pledged to move forward with tougher anti-piracy measures, overriding privacy concerns. *Click Here for Full Story*

	FTAA Still Unburied After Argentine Americas Meeting08/11/2005
	Although Venezuelan leader Hugo Chavez arrived at the 34-nation Americas summit in Argentina promising to 'bury' the idea of a Free Trade Area of the Americas (FTAA), 29 of the nations present wanted to set a date for renewed FTAA negotiations in 2006. *Click Here for Full Story*

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