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  • The CCCTB concept of relies on formulary apportionment, doing away with the arm’s-length principle (ALP). While many people welcome the opportunity to debate the future of tax compliance, others feel a switch to formulary apportionment will create just as many problems as the ALP. Sophie Ashley talks to the CCCTB’s critics and supporters about its impact on transfer pricing.
  • Chasing tax evaders, sharing intelligence and enforcing the law are all part of the day job for Stefano Gesuelli, head of Italy’s tax police. In an exclusive interview with Jack Grocott, he opens up to the workings of his unit and sends a warning to taxpayers that there is no place to hide.
  • Along with three other partners who specialise in fund formation, Jonathan Kandel has left Clifford Chance to join Weil Gotshal & Manges in London.
  • Italian headquartered international law firm Bonelli Erede Pappalardo has appointed two new tax partners. They were appointed at BEP's partners meeting, held on May 7 2011.
  • PwC US has announced two new hires in New York.
  • Source: www.baa.com In a triumph for the tax authorities, the Upper Tribunal in London has ruled that the VAT incurred when paying advisers' fees during an acquisition in 2006 is not recoverable.
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  • Following June’s Indirect Tax Forum in London, International Tax Review investigates the issues indirect tax managers face everyday. Environmental tax and VAT reform are high on their agendas while aggressive authorities are doing little ease their worries.
  • KPMG has named Rema Serafi to serve as its US transfer pricing leader as well as the primary representative of the US practice in its global transfer pricing network.
  • Indian firm, BMR Advisors – Taxand, has announced its new leadership structure including the promotion of Mukesh Butani to the role of chairman of the firm.