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Recent headlines might lead you to think that the only thing that interests multinational business is dodging taxes, and the only thing that interests governments is maximising the tax yield. The perception that low and middle income individuals are facing increasing taxes at a time when big multinationals are not contributing their fair share has become a political problem now identified by the G20.

Kevin Cummings has joined BDO to develop the firm's banking, capital markets and asset management tax capabilities in the UK.

A senior technical reviewer in the Internal Revenue Service's (IRS) transfer pricing branch has joined Mayer Brown's tax controversy practice in Washington, DC. Jason Osborn will represent taxpayers in transfer pricing controversies and advise on transfer pricing planning and the negotiation of advance pricing agreements (APA) with the IRS and foreign tax authorities.

The newly approved law Nº 20.630 has brought about several reforms of the Chilean tax legislation, raising, for example, the corporate tax rate to 20%, assimilating the cost of the limited liability companies’ (LLC) capital interests with that of the corporations’ stocks, unifying the taxation of the non-deductible expenses, and, including, as a great novelty, a new article 41E to the Income Tax Law, containing the new Chilean regulation on transfer pricing. Marcelo Muñoz Perdiguero, of Salcedo y Cia, explores the new measures.

Andrew Sliwa, Hadley Leach and William Methenitis of Ernst & Young in the US look at the problems associated with cross border effectiveness, provide hypothetical examples of how the issue can impact your tax department and explain how to apply the theory to the realities of business.

On December 26 2012, the Cambodian government passed the 2013 Financial Management Law which updated the registration tax (sometimes referred to as a seal tax). In some instances the scope of the tax was modified and in others completely new categories of "transfers" that will also be subject to the tax were created.

Bryan Bailey

More than 100 charities have launched the IF campaign to tell the UK government, which hosts the G8 summit this year, that the world produces enough food for everyone if four key goals are met. Joseph Stead, senior economic justice adviser at Christian Aid, examines the tax aspects of the campaign and argues that tax avoidance is inextricably linked to hunger in the developing world.

With the Secret Hotels2 Limited decision released on December 3 2012, the UK Court of Appeal has provided guidance on the correct approach to be taken when determining who is the supplier of a service in agency / principal arrangements, explain Mark Delaney and Arianne Wijdeveld of Baker & McKenzie.

Donka Pechilkova Some new amendments in the Corporate Income Tax Law in Bulgaria have been approved by the Bulgarian National Assembly, and entered into force on January 1 2013. One of the most significant amendments concerns the advance payments for corporate income tax, such as: The method of calculation; the range of tax obliged entities; the criteria for assignment of the base on a monthly or three months basis; the declaration and payment of the advance payments.