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Donald Johnston, secretary general of the OECD between 1996 and 2006, has joined the International Tax and Investment Centre's board of directors as an honorary co-chairman. He will advise ITIC on key fiscal reform programmes and ITIC's work in the BRIIC (Brazil, Russia, India, Indonesia and China) and other emerging economies.

This will be my final issue as editor of International Tax Review. I will soon be going on to edit a new global current affairs magazine called The World Weekly. If I thought international tax law was a complicated subject when I first started writing about it four years ago, how much more complicated the murky world of geopolitics. But what a fascinating four years it's been reporting on tax. I certainly can't imagine a more interesting time.

Liga Hoy has joined DLA Piper as a principal economist in the firm's international tax practice. She will be based in San Francisco.

Donald Vella

Peter Dachs In developed markets, major tax litigation is principally run by law firms. Fortunately, over the last decade, various South African law firms have built the necessary capacity to run tax dispute resolution matters from the first South African Revenue Service (SARS) query to the Supreme Court of Appeal in Bloemfontein. It is important to realise that the dispute resolution process starts with the first SARS query. The response must be drafted in a manner which considers the possibility of the end game being witnesses giving evidence under cross-examination in court.

David Cuellar

Filip Babic For 2013, non-profit organisations (which use the general accounts as regular companies do) are required to submit tax balances on the PBN 1 form and their tax liability on the PDN form per the rulebook for the contents of the tax return (Official Gazette no. RS 24/14). The deadline for submission of the PBN 1 form and the PDN tax return for 2013 is July 30 2014 and the tax rate is 15%.

In the second part of her analysis of Caterpillar’s tax affairs following the company’s appearance before the Senate Subcommittee on Investigations, Mirna Screpante, tax researcher, looks at the division between the location of activities and the location of taxable profits and proposes a method for determining economic substance.

The Dave Camp-led House Ways & Means Committee this week approved the permanent extension of six extender tax provisions, including the research and experimentation credit, the controlled foreign corporation (CFC) look-through provision, and subpart F active financing.

Antonis Michaelides The Law Regulating Companies Providing Administrative Services and Related Matters, Law 196(I)/2012 (the Fiduciaries Law) was enacted in December 2012 establishing a licensing and supervisory body for corporate and fiduciary services providers as per Directive 2005/ 60/EC of the EU. Pursuant to Cyprus's commitment to transparency and enhanced regulations, on September 9 2013 Law 109(I)/2013 amended the Fiduciaries Law in respect to the disclosure of information on Cypriot international trusts.