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PwC Australia Puts Nine Partners on Leave as Scandal Deepens

PwC Australia is putting nine senior partners on leave and appointing independent directors to its board as the embattled firm seeks to claw back confidence in the wake of a tax scandal.

IMF Suggests US Consumption, Carbon, Other Taxes to Cut Debt

The US should use new and higher taxes as one tool to help put its debt on a downward path in the years to come, the International Monetary Fund said Friday.

Australia Replaces Tax Board Boss in Run-Up to Senate PwC Probe

The Australian government said Friday that it had replaced the head of the body that regulates tax practitioners, just days before the opening of a parliamentary probe into the government’s use of outside consultants.

Spotlight on Boston Tax Controversy Attorney Kathleen Gregor

Our Spotlight series highlights the careers and lives of tax professionals around the world. This week’s Spotlight is on Kathleen “Kat” Gregor, a tax controversy attorney and litigator at Skadden, Arps, Slate, Meagher & Flom in Boston.

Canadian Investment Firm Loses $48 Million Tax Avoidance Case

An investment firm broke anti-avoidance rules by trying to circumvent restrictions on the transfer of losses and tax attributes between companies, Canada’s top court ruled Friday.

Latest Stories

Spotlight on Boston Tax Controversy Attorney Kathleen Gregor

Our Spotlight series highlights the careers and lives of tax professionals around the world. This week’s Spotlight is on Kathleen “Kat” Gregor, a tax controversy attorney and litigator at Skadden, Arps, Slate, Meagher & Flom in Boston.

Tax Developments

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Greece Gazettes Decision Clarifying Declaration, Determination of Temporary Solidarity Contribution for Fossil Fuel Companies

The Greek Office Gazette May 18 published Decision No. A-1069, clarifying the declaration and determination procedure of the temporary solidarity contribution for companies operating in the oil, natural gas, coal, ...

Japan MOF Posts Synthesized Text of DTA, Protocol With Mexico in English, Japanese

The Japanese Ministry of Finance May 25 posted online an updated synthesized text, in English and Japanese, of the 1996 DTA and protocol with Mexico and the Multilateral Convention to ...

Saudi Arabia Tax Agency Issues Circular on Taxation of Permanent Establishment Under DTAs, in English

The Saudi Department of Zakat and Tax May 17 issued Circular No. 2303001, in English, explaining the taxation of permanent establishments (PEs) under DTAs. The circular includes: 1) the concept ...