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Dirk Van Stappen A recently published law contains measures that target taxpayers that enter into transactions with tax havens.

Ian Farmer On January 15 2010, the Australian Federal Government released the report by the Australian Financial Centre Forum (AFCF), titled Australia as a Financial Centre. The review was commissioned in 2008 to consider sensible policy changes to secure Australia's future as a leading financial services centre.

Björn Viebrock Tax losses and tax loss carry forwards are generally forfeit on a pro rata basis if more than 25% of the shares of a corporation are transferred to an acquirer or his related party within a term of five years. If more than 50% are transferred, the tax losses and tax loss carry forwards are forfeit in full.

Janne Juusela The so-called credit method used in elimination of double taxation was revised with effect from January 1 2010. Using the credit method, the foreign tax paid for certain income is now reduced from the Finnish tax imposed on the same income. The amendments remove certain problems related to the double taxation of foreign income and the allocation of payment of taxes. Finnish entities now have improved scope to avoid double taxation of foreign income arising when tax is imposed on the same income both abroad and in Finland.

Edward Tanenbaum Tola Ozim On December 9 2009, the House of Representatives approved the Tax Extenders Act of 2009 (TEA), amending portions of the Foreign Account Tax Compliance (FATCA) introduced earlier in the Congress.

Sean Foley Landon McGrew The IRS and the Treasury department recently released final and temporary regulations that apply to certain transactions entered into with a principal purpose of avoiding the application of section 304 (TD 9477). These regulations replace the prior temporary regulations which were issued by the IRS and the Treasury department on June 14 1988 (TD 8209).

Hatasakdi Na Pombejra Chatchawan Wattanasittichok The e-commerce business industry is growing dramatically, especially in Thailand. Yet, at the same time, there are many tax issues rising from this new alternative business model.

Vladimir Kotenko On December 23 2009, the government approved a tax reform strategy that outlines the actions it plans to pursue in the near future.

The thin capitalisation group litigation has the transfer pricing world transfixed. Katie Camp of Freshfields Bruckhaus Deringer explains the importance of the High Court decision.

Matthew McKee and Li Wei of Chinese tax law firm Hwuason talk taxpayers through handling clashes with the national tax authorities.