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  • Leon Kwong Wing of KhattarWong-Taxand explains how a recent dispute from Singapore sheds light on the debate of a taxpayer’s freedom to legally arrange his affairs in such a manner that maximises his tax benefits against the natural desire of the state to collect the revenue it believes it should.
  • Taxpayers will need to be more careful if the rule is implemented The outline for Japanese tax reform proposals was released on December 26 2011 with changes to intercompany loan regulations.
  • With the US recently proposing changes to the regulations under section 892 of the US Internal Revenue Code concerning investment through controlled entities by foreign governments including typical sovereign wealth funds, Peter Blessing and Ansgar Simon of Shearman & Sterling in New York provide an update on the US position and briefly compare the overall approach taken in the US with that taken in the UK, France and Germany.
  • There is strong political feeling resonating around the world that the banking sector must contribute to the recovery from the global financial crisis. With the introduction of a bank tax in the Netherlands from July 2012, Peter Kavelaars of Deloitte analyses the origins of the tax, its scope and design, and potential problems.
  • Across the board tax authorities are pushing to collect more revenue and transfer pricing is a prime target. In spite of economic difficulties, transfer pricing specialists are in demand across the world to deal with these extra enquiries and companies are hiring fast. Sophie Ashley looks at transfer pricing recruitment trends and requirements in some of the world’s biggest multinational companies.
  • Loyens & Loeff has opened a new office in Hong Kong. The office opened on January 16 2012 and is being headed up by senior partners Carola van den Bruinhorst and Thierry Lohest.
  • G Paul Glunt has joined PwC to become a tax principal in the firm's international tax services practice. He will be based in Los Angeles.
  • The head of the global tax practice at Ernst & Young is to become the firm's chairman and chief executive officer next year.
  • Jay Payne has returned to PwC US, as a tax partner in the firm's Washington Metro practice. He has spent five years as a partner at BDO USA, based in Phoenix, where he was co-chair of BDO's gaming, hospitality and leisure industry group.
  • Imagine paying $1,000 for a second-hand car. Then imagine six months later getting a letter from the manufacturer saying that because you hadn't bought the car they wanted you to, you would have to pay them $250. Sounds ridiculous doesn't it? Well, expand this example into the tax world and you have the fundamentals of the Vodafone India dispute.