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Jack Grocott speaks to Watson Wang, SABIC’s new head of Asia-Pacific tax, about the role of a tax director in China, how to create certainty and to manage effectively a working relationship with the increasingly aggressive tax officials.

Income tax treaties can provide significant protections for European investors and businesses in the US. As Congress seeks to close tax loopholes, to generate additional revenue, users of US tax treaties may face even tighter anti-treaty-shopping rules, warn Alfred Groff, Kristen Garry and Nathan Tasso, of Shearman & Sterling.

Srinivasa Rao has been elected as Ernst & Young's global tax COO.

Hewlett-Packard had hoped for tax-free deductions

See who has done the tax work on this month’s biggest deals. Promote your tax practice, send deal information to Joe Dalton at jdalton@euromoneyplc.com; +44 207 779 8142

Malaysia’s taxpayers are now likely to use Hong Kong as a gateway to investments in China Hong Kong and Malaysia have entered into a new double taxation agreement (DTA), pending ratification, with provisions to clarify that a tax liability on business profits only arises if the company has a permanent establishment (PE) in the other jurisdiction, as well as reducing withholding tax rates and increasing investment opportunities.

US taxpayers breathed a collective sigh of relief in April when the Supreme Court delivered its verdict in Home Concrete which stated that the Internal Revenue Service (IRS) was not permitted to use an extended six-year statute of limitations period to investigate overstatements of basis. But there was a broader issue at stake in the case – the IRS’s ability to issue regulations and apply them retroactively. Joe Dalton explores the wider implications of Home Concrete and why US taxpayers will be hopeful the ruling will diminish the IRS’s arsenal in avoidance cases.

The 2012 International Tax Review Asia Tax Forum, held in Singapore, once again attracted scores of tax professionals from throughout the Asia-Pacific region and beyond. While transfer pricing was high on the agenda, it was not the only concern and other panels included: keeping in step with Chinese rules changes; establishing trust between officials and taxpayers; dealing with developing tax systems; the Indian reform; cross-border issues; dispute resolution; improving effectiveness in the tax department through technology; and indirect tax.

The eighth European Tax Awards were notable for the in-house awards that went to companies with media and entertainment roots

The infrastructure industry is booming in India. But with a raft of tax law changes and a government keen to garner higher taxes from investors, Samir Kanabar, of Ernst & Young offers some insight into key challenges of undertaking an infrastructure project in India.