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.
February 01 2010