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The Czech government plans to impose a 26% tax on solar energy producers from January next year to cover the cost of rising energy prices.

The OECD said sound tax policies, setting incentives for businesses to adopt and develop new and clean technologies, are key to the continuance of rising living standards in emerging economies.

Keep up to date with the jurisdictions that have been updating their international networks this week

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On October 25 2010, Governor Luis Fortuño of Puerto Rico approved a tax hike that experts say will not only adversely affect the sluggish job market in the US commonwealth, but will also cause foreign investors to reevaluate the value of investing in Puerto Rico.

In the mid-term elections held on November 2, Republicans won back control of the US House of Representatives and gained at least six Senate seats. The results will have implications for US tax policy.

George Osborne, the chancellor of the exchequer, has announced the date for next year's budget already.

A double tax treaty is in the works between Panama, once a country on the OECD black list, and the Czech Republic. The treaty was discussed on October 18 through 21, said Luis Eduardo Ocando Bustamante, international tax partner at Ernst & Young Panama and member of the Panamanian negotiating team for tax treaties. The double tax treaty, initiated by the Czech Republic, will enter a second round of negotiation in March 2011 in Prague. The first round of negotiation was held in Panama, which has moved from the OECD blacklist to its grey list.

The UK could be faced with a bill for more than £500 million ($803 million) if the latest group litigation order (GLO) succeeds.

Indian taxpayers have been left confused by a tribunal ruling that disregards previous royalty decisions and throws wide open the debate on the characterisation of income from packaged software.