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  • Saudi Arabia has sought to reduce the risk of double taxation by introducing participation exemption rules for the first time, though the order fails to clarify important details about how the rules will work, such as when they will come into force.
  • Heidi Chambers has joined BDO in Chicago as a tax director.
  • The bank levy outlined in HM Treasury’s draft legislation for the Finance Bill 2011 last week has been welcomed by British banks as an improvement on previous proposals.
  • Guillermo Teijeiro and Ana Lucía Ferreyra, tax partners at Negri & Teijeiro Abogados in Argentina, delve into the specifics behind the case of Administración Federal de Ingresos Públicos v Alfred C Toepfer Internacional, which looked at transfer pricing issues applicable to Argentine commodities exporters.
  • Sponsored by Nagashima Ohno
    Japan will reduce its corporate tax rate by five percentage points to 35% from next April, in an effort to boost the country’s ailing economy.
  • Mike Kennelly and Rob Wentland have joined the disputes and investigations practice of Navigant Consulting, an expert services firm.
  • The Chinese authorities have released a new circular that relaxes the recognition criteria for advanced technology service enterprises (ATSEs).
  • The Chinese tax courts have released information of a rare example of a foreign party appealing a tax decision all the way through the country’s administrative review process and then to the courts.
  • A Danish slot machine association and a group of land-based casinos filed a complaint before the European Commission (commission) claiming that the tax provisions in a Danish gambling bill are unfair.
  • The US Senate voted by 83 to 15 last night to quash a filibuster, opening the way for the approval of a bipartisan tax package agreed by President Obama and Republicans on December 6.