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  • Nélio Weiss
  • A decision of the Supreme Court will give taxpayers involved in contentious matters in India the chance to deal with specialists in the future.
  • International tax specialist Ayzo van Eysinga has joined Stibbe. He has been appointed to the position of head of tax in the firm's Luxembourg office, which was opened six months ago.
  • From April 1, companies had to pay more tax to China for the production of rare earth minerals. China supplies more than 97% of the world's rare earths; and now taxpayers that operate in the sector are readying themselves for the impact of a tax increase.
  • Baker Hughes, the oilfield services company, has announced the appointment of Alexander Peng as vice president, tax. He will begin the role on May 1 2011.
  • Vladimir Kotenko The first quarter of 2011 has been a challenge. Moreover, we're probably seeing only the tip of the iceberg, since the problems with implementing the new tax code are constantly evolving. The tax authorities' views are often inconsistent and offer little comfort to taxpayers because of their non-binding nature.
  • The nominations for the inaugural Euromoney Legal Media Group European Women in Business Law Awards have been announced. For the nominees in the individual practice areas and firm awards, please see below. Categories include Tax and Transfer Pricing.
  • Edward Tanenbaum Tola Ozim On February 23 2011, the Financial Crimes Enforcement Network (FinCEN) of the US Treasury Department issued final regulations regarding the report of Foreign Bank and Financial Accounts (FBAR). The final regulations specify the types of accounts that are reportable on the FBAR and the persons that are required to file the FBAR, and provide filing relief in the form of exceptions in certain circumstances.
  • Rafael Calvo On January 12 2011, the European Commission handed down its decision declaring that article 12(5) of the Spanish Corporate Income Tax Law (according to which a Spanish company may amortise for tax purposes over 20 years the financial goodwill resulting from the acquisition of certain qualifying foreign shareholdings) amounted to illegal State aid as regards acquisitions in non-EU countries (no 45/2007, EC's press release reference no IP/11/26). On October 2009 the European Commission already declared that the deduction of the financial goodwill arising in the acquisition of EU subsidiaries was an illegal state aid subject to (limited) recovery.