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British pension and investment funds could be in line for a windfall worth several billion pounds following a decision by the European Court of Justice (ECJ) concerning dividend withholding tax. By Rosie Murray-West and Paul Farrow The court ruled that pension funds did not have to pay tax on the dividends they received from investments abroad if the dividends were free from tax for domestic investment funds. The court was ruling on one specific case, involving Aberdeen Property Fininvest Alpha Oy. However, tax experts said it would open the floodgates for billions of pounds of reclaims from funds across Europe. Teresa Owusu-Adjei, tax partner at PriceWaterhouseCoopers, said that the ruling had been clear cut and that she did not expect that European tax authorities would be able to find a loophole to prevent them having to... [read full story]
There is something disconcerting about hearing an Englishman say: 'I love playing soccer.' When Beckham announced his decision to join America's Major League Soccer club Los Angeles Galaxy in January 2007, the football world...
By Martin Halfpenny, Press Association The world's biggest cruise ship - boasting its own open air park and amphitheatre - was officially unveiled today. The credit crunch-busting 225,000-tonne leviathan called Oasis Of The...
Published Date: 21 November 2009 How Stupidity and Corruption Sank the Irish Tiger by Fintan O'Toole IN THE 1980s I lived for half a dozen years in Ireland. I knew exactly the kind of Ireland I wanted to see emerge, and years...
Swedish soprano whose perceptive singing and vivid acting made her a great heroine in operas by Tchaikovsky, Richard Strauss and Janacek One of the most perceptive and admired sopranos of the postwar era, Elisabeth Söderström,...
