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Tamir Druz, a director at Capra Energy Group, discusses the best methods for determining an optimal transfer pricing policy for liquefied natural gas (LNG).

India has announced the adoption of IFRS converged standards for financial reporting and tax accounting standards for the computation of taxable income. Sai Venkateshwaran, partner and head of the accounting advisory services group at KPMG in India analyses the impact and challenges of these announcements.

Read this month's special features on Brazil and Tax technology

In the July/August issue, Frank Schoeneborn, head of group operational transfer pricing in the finance and accounting division at Merck Group, took a retrapolative look at the country-by-country reporting standard five years into its implementation. In part two, he looks at how different functions within a multinational company are interacting with the tax team to manage reporting obligations.

Recent attempts at tax harmonisation have struggled to take off. In Europe enhanced cooperation measures are being invoked because of the inability to find consensus. But what fate awaits the notion of a World Tax Authority (WTA)? Would it take tax harmonisation to the next level or, like the Europe-wide language of Esperanto, is this attempt at harmonisation doomed to fail? Matthew Gilleard analyses what has motivated discussion of such a concept and looks at the barriers to implementation.

Richard McAlonan is the first of four senior resignations from the Internal Revenue Service in the US to find a new home.

Felicity Cullen Devereux Chambers expands its team of tax specialists with the arrival of Felicity Cullen QC formerly of Gray's Inn Tax Chambers. Cullen is experienced within commercial and property tax. She has also appeared in many important tax cases, including RKW Limited v Commissioners for Her Majesty's Revenue & Customs.

The US Supreme Court is mulling over whether or not to hear WorldCom Inc v. Internal Revenue Service (13-1269), a case that holds the now-obsolete WorldCom (Verizon Communications) liable for millions in excise taxes for its telecommunications services.

DOTAS will become increasingly important as the pendulum starts to swing the other way New proposals by the UK government to enlarge the scope of its Disclosure of Tax Avoidance Schemes (DOTAS) and VAT Avoidance Disclosure Regulations (VADR) regimes, as well as the drafting of a new financial product hallmark, will increase the number of schemes that could fall prey to controversial accelerated payment powers. The consultation document, titled 'Strengthening the Tax Avoidance Disclosure Regimes' continues the aggressive approach to tax avoidance displayed by HMRC.

Ann Burgess Cammack, former senior tax counsel on the US Senate Finance Committee and tax adviser to its chairman, Max Baucus, has joined EY's Washington, DC office as a principal in the National Tax department.