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Cathryn Vanderspar has been appointed as the new head of tax in Eversheds's London office.

US treasury secretary

The Treasury has provided welcome guidance for jurisdictions in FATCA limbo The US Treasury has responded to calls for clarity about the status of jurisdictions that have agreed in substance an intergovernmental agreement (IGA) with the US to implement the Foreign Account Tax Compliance Act (FATCA), but will not have signed it by the end of 2014.

Tim Stewart The Inland Revenue has issued a final statement (Income tax: scenarios on tax avoidance) which considers whether New Zealand's general anti-avoidance rule (GAAR) would apply to three instances. The final statement follows the release in May 2014 of a draft statement. The GAAR and the draft statement were considered in an article in the September issue of International Tax Review (see "NZ Inland Revenue releases draft GAAR guidance", August 29 2014). As explained in that article, when determining whether an arrangement is a tax avoidance arrangement and therefore subject to the GAAR, Inland Revenue applies a parliamentary contemplation test. Under this test, the question is: "Does the arrangement, viewed in a commercially and economically realistic way, use (or circumvent) the relevant [specific] provisions in a manner that is consistent with parliament's purpose?" If not, the arrangement will be a tax avoidance arrangement unless the tax avoidance is "merely incidental" to some other purpose or effect.

Myranda Chatzimatthaiou The Cyprus Stock Exchange (CSE) was established by virtue of The Cyprus Stock Exchange Laws and Regulations of 1993 and 1995. The legislation provides the basis for the formation and operation of the CSE and for the development of the securities market in Cyprus. The Cyprus Securities and Exchange Commission (CySec) is the competent authority for the supervision of the CSE's actions. The CSE currently provides a range of services, including the provision of investor services in relation to the Cyprus Depository, the settlement of transactions through specialised systems and the Listing and Trading of Securities. The CSE provides for trading on both the regulated market and the Emerging Companies Market (ECM) which was established in 2009.

Ignacio Burrull

China has been accelerating its fiscal and tax reforms in recent years. The central government is keen to establish a healthy fiscal and tax system to help optimise allocation of resources, establish a fair market playground, and ultimately achieve prosperity of the nation. Wang Jun, Minister of Taxation of the People's Republic of China, outlines how the government is achieving this.

Indian finance minister

Former European tax commissioner

Philippe Jeffrey