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LOWTAX SUBSCRIPTION LIBRARY: LAW AND TAX NEWSWIRE
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
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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