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Padraic Fallon Padraic Fallon, chairman of Euromoney Institutional Investor PLC, which publishes International Tax Review, died in October at the age of 66.

Michael Solomon and Victor Ng of Fenwick & West discuss two US judgments concerning R&D claims made by Union Carbide, and what taxpayers need to know about claiming credits for supply costs.

Laysym Sim, VDB Loi In a major practical simplification of the tax filing process, the Cambodian tax authorities have instructed tax offices to allow taxpayers to file monthly and annual tax returns without using the hard copy forms that these offices make available. To date, each office issues a form that is stamped for that individual tax office. As a general rule, taxpayers are required to use that particular form for filing taxes in that office.

Charlotte Rushton, managing director Asia Pacific EMEA for the tax & accounting business of Thomson Reuters, considers the challenges facing corporate tax departments in India after the recent third annual India Tax Forum.

Type of Agreement Country Country Date Signed Link Tax Information Exchange Agreement Brazil UK September 28 2012 Double Taxation Avoidance Agreement Finland Tajikistan October 24 2012

Unless it changes, the plan to introduce a general anti-abuse rule in the UK will only extend the powers of the tax authorities, believes Julie Carine Leblanc-Leduc of King’s College London

The conversion to international financial reporting standards (IFRS) is anticipated by many global companies, and many have already implemented, or are in the process of implementing, the new standards for statutory purposes. As companies continue to adopt the new principles, their tax departments and transfer pricing practitioners will be expected to maintain seamless continuity in demonstrating that intercompany transactions are priced in accordance with the arm’s-length principle (or are priced as if the transactions had taken place between third parties). For many companies, this has started to cause transfer pricing concerns. Kristine Riisberg, Deborah Keisner, and Todd Wolosoff, of Deloitte Tax, New York, explain why.

International Tax Review and TPWeek hosted the 12th annual Global Transfer Pricing Forum in Paris in September.

The financial transaction tax (FTT) is set to be introduced by 11 EU member states. Richard Murphy of Tax Research looks at the case for an FTT, how it would work in practice and why, contrary to other anti-poverty campaigners, he believes it should not be used to raise revenue for developing countries, but to constrain out of control banking.

Dajana Topic, Eurofast Global Under article 14 paragraph 3 Law of the Republika Srpska (RS) budget execution for 2012 ( Official Gazette of the RS, No. 3/12) and the regulation on conditions and implementation of programmes to support investment and employment (Official Gazette of the RS No. 70/12), Ministry of Finance of the RS published a public notice "grant funding for implementation programmes to support investment and employment". Subject to the public notice is the registration of investment projects in the manufacturing sector (new investments in fixed assets), which provides for the hiring of new employees, in the territory of the RS.