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  • The tax authorities in the US have designed regulations to encourage employees to come forward with information about a corporation’s aggressive tax planning schemes, with promises of hefty rewards for tips that leads to the recovery of money. Erin Kelechava finds that these regulations and other new IRS initiatives, such as Schedule UTP, may complicate matters for corporate tax departments by requiring that they increase transparency, institute internal controls, and scrutinise their tax positions.
  • Jock McCormack and Anshu Maharaj of DLA Phillips Fox discuss recent developments in Australia that will impact managed investment funds, controlled foreign companies, foreign accumulation funds, collective investment vehicles, trusts and the disclosure of uncertain tax positions.
  • Latin America's taxpayers and advisers rarely hesitate to point out the flaws of their tax administrations. Liz Bearese speaks with top officials at revenue services in Colombia, Brazil, Chile, Mexico, Peru and Uruguay to hear the side of the story from those who have the power to give the final word and who are shaping the future of the region's tax systems.
  • Paul DiSangro rejoined Mayer Brown's tax controversy practice in Palo Alto, California on March 7.
  • Watson, Farley & Williams has announced the appointment of Luis Soto as a partner. He will be based in the international law firm's Madrid office.
  • Thomas Henry has joined PwC's global incentives practice in New York as a tax partner.
  • Mats Anderson became counsel and head of Linklaters's tax practice in Stockholm on March 1.
  • Source: www.bp.com BP, the British energy company, has filed a claim in the UK High Court against HM Revenue & Customs (HMRC) seeking reimbursement for stamp duty tax it paid in 1999 when the company purchased Arco, a US petroleum company.
  • The Court of Appeal has ruled that UK thin capitalisation legislation is compatible with EU law, overturning a previous decision, on appeal from HM Revenue & Customs (HMRC).
  • Fred Adam has joined KPMG's Silicon Valley office as an international corporate services principal.