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Bob van der Made On October 20 2009, Jose Manuel Barroso the president of the European Commission announced he had tasked Mario Monti, president of Bocconi University and EU commissioner for the internal market, financial services and tax policy from 1995 to 1999) and for competition from 1999 to 2004), with the mission of "preparing a report containing options and recommendations for an initiative to re-launch Europe's Single Market as a key strategic objective of the new Commission". Monti was to conduct this mission under his personal responsibility, but was able to call on the commission's expertise and support. He has since held consultations with the European Parliament, several EU commissioners, member states and other stakeholders.

Ian Farmer The debate about tax transparency has resumed, with discussion in Australia fuelled by the announcement of a US proposal regarding disclosure of uncertain tax positions.

Tarsem Basran Tarsem Basran is leaving the London office of TMF Services to join its New York global insurance premium tax compliance team.

Paul Chambers Samantha Nonnenkamp Luxembourg has now ratified 12 exchange of information protocols as well as eight new double tax treaties. At the same time, the procedure applicable to exchange of information upon request was adopted.

Ireland is one of the leading jurisdictions for the domicile of investment funds and has consistently taken steps to maintain a best-in-class tax regime for funds. Ireland has been proactive by recently updating its tax code to reduce certain administrative burdens, facilitate the implementation of the undertakings for collective investments in transferrable securities (UCITS) IV regime in Ireland and expand the tax relief for fund mergers and reorganisations. These measures enhance Ireland's competitive edge as the jurisdiction for investment funds and as a location for UCITS IV management companies and are another clear signal that the Irish Government is committed to the continued development of Ireland's fund industry.

Eric Roose Takeo Mizutani On December 18 2009, the Japanese Ministry of Finance and the Netherlands Ministry of Finance announced that they have agreed in principle on a new tax convention for the avoidance of double taxation. The new tax treaty will replace the existing tax treaty, which was originally concluded in 1970. The announcement comes after a period of negotiation between Japan and the Netherlands spanning a number of years.

Christine Kamphaus Lars-Volkmar Weihmann The controlled foreign company (CFC) rules provide for taxation of the German shareholder of income earned by a foreign subsidiary from a passive business activity and taxed locally at less than 25%.

Gary Gowrea The Supreme Court on February 4 2010, in the case of P. Li Kan Fong Ha Kong (the appellant) v the director-general, Mauritius Revenue Authority (MRA), rejected the contention of the appellant that he had no means to pay the 30% of the amount of income tax claimed under a notice of assessment issued to him by the MRA.

Vladimir Kotenko VAT bonds: are they a consolation prize for cash losses

Sergio Crespo Six lawyers have become partners in the tax practice of Cuatrecasas Gonçalves Pereira.