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European corporate income tax rates have continued to decline this year, a report has said.

Werner Heyvaert has left Stibbe to join Jones Day as an of counsel. He was a tax partner in Stibbe's Brussels office where he advised on M&A, joint ventures, holdings, financing operations and transfer pricing.

Sixth VAT Directive; Article 17(3)(a); Deductibility and refunding of input VAT; Provision of telecommunications services; Supply of services for a customer established in another member state; Article 9(2)(e); Determination of the place where the service is provided.

The UK government has published draft legislation connected to the country's new foreign profits regime.

Tax authorities worldwide have agreed to join forces to tackle the fiscal challenges posed by the recession.

Bob van der Made The European Federation for Retirement Provision (EFRP) and Pricewaterhouse-Coopers' EU direct tax group (PwC), based on a PwC study, jointly lodged complaints with the EU Commission in December 2005 against 18 EU member states aimed at ending their discrimination against non-resident EU based pension funds concerning the taxation of dividends and interest. The Commission agreed that this practice breaches EU rules on the free movement of capital (article 56 EC treaty).

Sophie Stylianou International trusts are instruments that if wisely used, may provide the ultimate tax planning tool to investors. Various jurisdictions are known for the beneficial tax treatment they have to offer to trusts registered therein, including Cyprus.

Among the main tax benefits established in the legislation, the Chilean income tax law (ITL) provides a special benefit to certain taxpayers that comply with a number of requirements.

The UK has enhanced its tax cooperation network by signing agreements with Belgium and Qatar.

Transfer pricing laws are a fundamental consideration when dealing with multi-national organisations. Canadian transfer pricing laws dictate the price at which goods or services are traded across international borders between Canadian taxpayers, and non-residents with whom the Canadian taxpayers do not deal at arm's length. Where the Canada Revenue Agency (CRA) determines that the terms and conditions of any given transaction differ from those that would have been made between persons dealing at arm's length, CRA may adjust the amounts paid or received, for the purposes of calculating Canadian taxes. Significant penalties may be imposed if reasonable efforts were not made to determine an arm's-length price.