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Omar Zuniga of GE Mexico tells Joanna Faith how he and his tax department are dealing with the economic downturn

Time has come for trust

PricewaterhouseCoopers in the UK has appointed Jonathan Howe as the firm's new UK insurance tax market leader.

Freshfields Bruckhaus Deringer, the international law firm, has hired Danny Beeton to be its head of transfer pricing economics in London.

Stuart Sinclair US law firm Bingham McCutchen has launched a tax practice in London the addition of new hire Stuart Sinclair. Sinclair joins the firm from the London office of McDermott Will & Emery. He advises clients on all aspects of direct and indirect UK tax, focusing on domestic and cross-border corporate tax matters. He has particular experience in the financial services industry.

PricewaterhouseCoopers in the UK has appointed Paul Davies as tax industry leader of the firm's retail and consumer group. He was previously head of tax at Ernst & Young in the UK.

Chris Housman KPMG in the US has appointed Chris Housman as partner in the firm's international corporate services group. Housman, who will be based in Charlotte, North Carolina will serve the firm's banking and commercial clients, specifically helping them with international tax and compliance issues.

Baker Tilly has hired Rui Henriques from Nexia to be its head of tax in Portugal. He started on June 1.

Carl Pihlgren Participations in foreign companies has been considered as business-related holdings by the National Board of Advance Rulings because the foreign companies were considered as being equivalent to a Swedish company.

Vladimir Kotenko In mid April 2009 the state tax administration of Ukraine (STAU) clarified that the industrial entities eligible for the accelerated tax depreciation of fixed assets (25% per annum) can report increased tax depreciation charges only in the annual 2009 profit tax return (STAU letter # 8167/7/15-0217 of April 17). It means that during the year of 2009 (i.e. in the tax returns for the first quarter, half year and for the three quarters) the taxpayers will have to apply to qualified assets lower tax depreciation rates.