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The Portuguese Budget Law for 2010 was approved by the Portuguese parliament on March 15 2010. Although the final text of the law is not yet available, the proposals initially included in the Budget Bill proposal were accepted together with relevant final amendments. These last minute inclusions cover the reduction of the loss carry forward period from 6 years to 4 years, amendments to the property tax exemption available for certain real estate investment funds, and adjustments to tax amnesty for undeclared funds held abroad.

Theo Keijzer, vice president, tax policy, for Shell International in the Netherlands has been selected to take over from Robert Couzin as head of the tax commission at the International Chamber of Commerce.

In the face of international pressure arising from the financial crisis, Guernsey, a so-called Crown Dependency of the UK, will unveil a new corporate tax regime during its budget debate this December.

The Philippines Bureau of Internal Revenue has established a special team to investigate the transfer pricing activity of multinationals operating within the country.

INEOS, the world's third largest chemicals company, has explained the tax reasons behind the relocation of its headquarters from the UK to Switzerland

The Court of Appeal in London has ruled that businesses earning commission through the introduction of customers to insurers are exempt from VAT.

The Indian Central Board of Direct Taxes has opened tax offices in Mauritius and Singapore in a bid to crackdown on offshore tax evasion.

UK employers that pay a proportion of their employee's salary with retail vouchers may face a substantial tax liability after Advocate General Mengozzi, of the European Court of Justice, released his opinion in the case.

Germany's highest tax court has clarified the liability of a trustee relationship limited partnership (Treuhand KG) to municipal trade tax in a decision published on April 14.

The Confederation of British Industry has appointed Will Morris of General Electric as chairman of its taxation committee.