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  • By Karishma Phatarphekar, partner, global transfer pricing services, KPMG India
  • Ryan, a global tax services firm, announced that it has acquired Altus International, a consulting firm based in the Netherlands, which provides transfer pricing, business restructuring and valuation expertise to multinational companies around the world.
  • The Italian Supreme Court ruled, on April 16, that all transactions carried out between companies belonging to the same group, and all of which have offices in Italy, are subject to the arm’s length principle.
  • Ferdie Schneider will join BDO South Africa as head of tax on July 1.
  • Giuilia Cipollini has joined Withers, the international law firm, in its Milan office as a senior counsel and head of tax in Italy. The contentious and transactional tax specialist was formerly with tax boutique Studio Legale e Tributario Cordeiro Guerra & Associati and before that, Legance Studio Legale Associato and Gianni Origoni Grippo Cappelli & Partners.
  • PLMJ has hired Miguel Reis as a tax partner in its Oporto office. He has more than 25 years’ experience advising domestic and international clients during stints at firms such as Garrigues, Taxand Portugal; Cuatrecasas, Gonçalves Pereira; Deloitte and Arthur Andersen. He brings the number of partners in the tax team to four.
  • The EC has released a report on the taxation of the digital economy which states that some rules may need to be adapted in member states but a special tax regime is not necessary.
  • As more companies invest in sub-Saharan Africa they encounter the uncertainties connected to the tax and legal regulations when extracting profits to be repatriated. But, with Africa fast becoming the alternative to India and China as an attractive location for its low cost labour, taxpayers are advised to keep their structures in line with the region’s developing tax systems.
  • By Henrik Hansen, Evgenia Veter and Alexey Sobchuk of Ernst & Young, Russia
  • In May, both Switzerland and Singapore, often associated with banking secrecy, signed an OECD declaration agreeing to automatically exchange tax information. The countries’ willingness to sign the document has been seen as a victory for the OECD. However, there is still a strong sense of mistrust among adoptees.