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Peter Dachs, ENS – Taxand Since their introduction in 1995, South Africa's transfer pricing rules have been based on a transactional approach, essentially requiring that an arm's length, that is, market-related price be paid or charged for the cross-border supply of goods or services between connected persons. According to the South African Revenue Service (SARS), the wording of section 31 of the Transfer Pricing Act caused structural problems and uncertainty, as it focused unduly on isolated transactions as opposed to arrangements driven by an overarching profit objective.

Sean Foley

A monthly commentary on the notable facts, figures and goings-on in the tax world.

Laurence Pinte, formerly head of tax at Dexia, the European banking group, joined Liedekerke Wolters Waelbroeck Kirkpatrick as a partner on October 1 2012.

Myo Nunt, advocate to the Myanmar Supreme Court, joined VDB Loi Myanmar as a senior counsel on September 18, as the firm prepares for a predicted increase in tax and customs litigation in the jurisdiction.

Starbucks has gone to great pains to boost its corporate social responsibility (CSR) credentials by trumpeting fair trade products and environmentally sustainable practices, but after a scandal over the amount of tax it pays in the UK sullied its reputation, other companies may look to avoid its mistake by placing tax at the heart of their CSR agendas.

Heiko Penndorf Heiko Penndorf has rejoined Ashurst as a partner in its Frankfurt office. He was formerly an associate of the firm before joining Mayer Brown, where he was a partner. An associate is also moving to Ashurst with him. Penndorf's tax practice covers M&A, finance real estate and capital markets. Some recent matters he has worked on include advising Lone Star on various portfolio transactions; Volkswagen Financial Services on its first residual value securitisation and Soffin on establishing the first German 'bad bank.'

Bernd Uwe Stucken has joined Pinsent Masons to launch the UK firm's China tax practice in Shanghai. Stucken, who moved from Salans along with Wei Yun, a legal director, and two others, advises clients on the tax aspects of inbound investment into China, M&A and enterprise restructuring.

Alberto Lissi Tax Partner – Taxand has hired a new partner from the Swiss practice of a big-four firm. Alberto Lissi, formerly responsible for Ernst & Young's banking tax practice in Switzerland, moved to Tax Partner – Taxand in September 2012. He has more than 14 years of national and international tax experience.

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