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  • Michalis Zambartas, Eurofast Taxand It is well known that there are many business opportunities arising from China since, after all, it is the world's second largest economy.
  • Chizuko Tomita, Morrison & Foerster The absence of specific Japanese rules on the treatment of a foreign subsidiary's reorganisation has sometimes hindered Japanese companies when trying to conduct reorganisations of their foreign subsidiaries for valid business purposes. Often, Japanese companies have had to approach the Japan National Tax Agency (NTA) in advance to obtain certainty on their tax treatment.
  • Edwin Vanderbruggen and Thida Cho Win, VDB Loi Myanmar's Lower and Upper House have already voted on the new Foreign Investment Law, replacing the 1988 predecessor, though the new law is not yet in force and amendments are still possible. Here are a few key points that are likely to feature in the new law as released by Myanmar's Directorate of Investment & Company Administration, and some important differences with the old investment law. Please bear in mind that there might be further changes.
  • KPMG has hired Chetan Vagholkar as a partner in the International Corporate Services practice.
  • Rolf Saastad and Wensing Li, Deloitte Carried interest is a profit sharing that the investment managers of private equity funds will earn if the fund is successful. Carried interest is normally 20% of any return to investors of more than 8% a year.
  • See who has done the tax work on this month’s biggest deals
  • Michael Meacher, former UK Minister of State for the Environment under Tony Blair, stepped up the fight against tax avoidance in the House of Commons last month with his general anti-tax avoidance principle (GATAP) Bill. Salman Shaheen talks to the Labour Member of Parliament about his campaign and how it is gaining momentum.
  • Until last year, France used to be a tax-friendly country for loss making enterprises. Sonia Bonnabry of LEXCOM explores why this is not necessarily the case anymore, following the tightening of French rules in the second Amended Finance Bill for 2012.
  • David Jamieson of Baker & McKenzie looks at whether the door is open again for further VAT rebates after the GMAC/BT case.
  • The last 12 months have seen a surge in the use of retrospective amendments by governments around the world, all aimed at recouping extra revenue from taxpayers. Matthew Gilleard assesses the issues thrown up by lawmakers going back in time, and whether this worrying trend for taxpayers is set to continue.