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  • Opposition to the UK’s controversial decision to increase taxes on the country’s energy industry has gained pace, with Scotland’s First Minister Alex Salmond branding the move a “smash-and-grab” raid that could cost up to 10,000 potential jobs in the sector.
  • Baker & McKenzie has added to its North American tax practice group with the appointment of Jacques Bernier as a partner in its Toronto office.
  • Law firm McGrigors has hired two new people to senior positions in the firm.
  • The five largest oil and gas companies narrowly survived a Democrat attempt to scrap $21 billion in tax breaks over 10 years and use the cash to reduce the US deficit.
  • The jobs of both Caroline Silberztein, the OECD's head of the transfer pricing unit in the tax treaty, transfer pricing and financial transactions division, and Mary Bennett, the head of the division itself, were advertised by the OECD in May.
  • The IRS has named Samuel Maruca, of Washington law firm, Covington & Burling, as its first transfer pricing director.
  • By Javier González Carcedo and Leticia Ortega of PwC, Spain
  • Companies in Ireland with ten or more employees will be required to pay and file their tax returns electronically from October 1 this year.
  • Chinese transfer pricing rules and practices will break new ground in the coming years, finding solutions that cater to the special economic and commercial circumstances of China. Factors such as China market premiums and location savings will become more important in applying the arm’s-length principle, believe Cheng Chi, Irene Yan and Lu Chen of KPMG
  • “May you live in interesting times!” – a Chinese saying, so it seems. This cannot be more apt when it comes to the development of tax policy in China over the past three decades. The last 30 years have witnessed tax policy changes of such magnitude that will not be seen in China for some time to come, say Eileen Sun, David Ling and Zichong Xu of KPMG.