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  • A soft farewell to the last year and a gentle introduction to the new one has not materialised for taxpayers. Though, officially, recession is fading away around the world, it does not mean that tax directors can take a breather. Important litigation in the US and Canada, for example, moves towards substantive tax reform in some leading economies, continuing efforts to combat offshore tax evasion and an increasing interest in developing countries to establish robust transfer pricing regulations have seen to that.
  • Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados adds two new partners. Alessandro Amadeu da Fonseca and Flavio Mifano are both new tax partners in the firm's São Paulo office.
  • Mary Monahan Mary Monahan has joined the partnership of Sutherland Asbill & Brennan, a US law firm. She represents taxpayers in complex federal tax audit and litigation matters. She has also advised multinational corporations on tax planning, tax accounting and income recognition. And Richard Hartnig has joined Sutherland as of counsel in the tax practice group, based in the Atlanta office.
  • Nikhil Mehta stood down as a tax partner of Cleary Gottlieb Steen & Hamilton in London in December. He has requalified as a barrister and started work at Gray's Inn Tax Chambers in the new year. He became a partner of Linklaters in 1989, eventually becoming head of contentious tax. He joined Cleary Gottlieb in 2002.
  • Julien Gayral has become a tax partner of Bredin Prat in its Paris office. He advises companies on the tax aspects of M&A, joint ventures, intra-group restructurings and international tax matters.
  • Ekin Altintas The Turkish Income Tax Law was enacted in 1961 and now, almost 50 years later, is being re-written. Expected amendments include the introduction of specific rules for employee share and stock option plans.
  • Hatasakdi Na Pombejra Chatchawan Wattanasittichok Recently, the Thailand Revenue Department (TRD) issued Rev-enue Department Notification (DN) No Taw Paw 176/2552 to amend the definition of leasing in order to qualify withholding tax exemption for leasing business in Thailand which satisfying the specified condition. The effective date is October 6 2009.
  • Sead Dado Salkovic Despite the economic growth of Montenegro over the past few years, the global economic crisis has brought about significant challenges to its economy as a whole. In an attempt to increase the efficiency of the domestic economy and react to the downturn, the Government recently adopted amendments to the tax regime for both individuals and businesses.
  • Gary Gowrea The director general of the Mauritius Revenue Authority (MRA), under the Income Tax Act 1995 ("Act"), issue rulings as to the MRA interpretation of the provisions of the Act. The ruling is given based on the facts set out in the application by a taxpayer.
  • Sophie Stylianou Ariana Rozhaja Kosovo is becoming one of the most competitive countries in the Balkans through continuously enhancing its business environment and attracting foreign direct investment.