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  • Guizhou province, China Taxpayers in China must be aware that tax officials may take into account economic substance of a company only in its jurisdiction of incorporation when applying Circular 698.
  • As part of its continuing efforts to improve international operations, the US Internal Revenue Service (IRS) recently announced the reorganisation of its advance pricing agreement (APA) and mutual agreement procedure (MAP) programmes into a combined advance pricing and mutual agreement (APMA) programme. Kerwin Chung and Todd Wolosoff of Deloitte explain what the reorganisation, and its potential impact on taxpayers seeking APAs, will mean.
  • Micro-blogging site Twitter has announced its European headquarters will be based in Ireland, joining a number of other hi-tech companies, to make use of its 12.5% corporate tax rate and beneficial transfer pricing regime.
  • China's State Administration of Taxation (SAT) has released information on how taxpayers should prepare and complete contemporaneous transfer pricing documentation for the coming year.
  • International Tax Review reveals its selection for the 50 biggest influences in international tax, with a mix of tax directors, officials, campaigners and multilateral organisations.
  • Nicola Saccardo of NCTM explains how different types of income from financial assets will be taxed in Italy.
  • Angela Merkel will not back down on tax cut proposals
  • Coordination between customs and transfer pricing rules has always been fraught with traps
  • The financial transactions tax (FTT), also known as the Tobin tax and the Robin Hood Tax, has been the stuff of legend for decades, discussed eagerly by academics and socialist economists, without ever gaining much traction in the mainstream. The financial crisis changed all that and, now José Manuel Barroso, president of the European Commission, has come forward with a proposal for an EU-wide FTT, everyone will be talking about it.
  • Melissa Tatton, HM Revenue & Customs's deputy director for international business, with responsibility for transfer pricing, is to be replaced by Peter Steed. Tatton is now the director of the Large Business Service.