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  • Japan's ruling party, the Democratic Party of Japan (DPJ), plans to lower corporate tax as part of their campaign for the upcoming election in the upper house next month.
  • The UK government has today published its 2010 Finance Bill. The Bill will enact the key tax measures at the heart of last month's emergency budget.
  • Keith O'Donnell Samantha Nonnenkamp On May 5 2010, in his traditional speech to the nation, Prime Minister Jean-Claude Juncker announced some tax measures to be introduced from 2011. All are proposals and must still be included in a draft law and discussed and finally passed by Parliament. It is likely that the proposals will evolve in this process.
  • An Australian company has won an important decision in the Federal Court over use of the comparable uncontrolled price (CUP) method when a distributor purchases from associated offshore manufacturing entities.
  • Seven member states of the EU have not complied with requests to amend their VAT grouping rules, so the European Commission has said it will see them in court.
  • The Swiss House of Representatives rejected a deal with the US government to disclose the details of 4450 wealthy American clients, suspected of tax evasion, to the US tax authorities.
  • The Chinese tax authorities have collected the largest single amount from an indirect transfer of a China enterprise since the controversial Circular 698 was issued earlier this year.
  • Chinapat Visuttipat On June 2 2010, the Thai cabinet released its resolution to improve Thai tax laws in relation to Regional Operating Headquarters (ROH) with the aim of achieving the best tax incentives in the region.
  • A monthly commentary on the notable facts, figures and goings-on in the tax world. Suitable items should be sent to taxrelief@euromoneyplc.com
  • The indirect transfer of shares has become one of the hottest topics in international tax in the last two years. And Asian jurisdictions is where most of the action has been happening.