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Environmental taxation is becoming more and more relevant to companies around the world. President Barack Obama is leading the way to encouraging better practices by offering numerous tax breaks and incentives. John Gimigliano and Robert Swiech of KPMG discuss the coming changes in the US

By Catherine Snowdon

Green taxes have a role to play in helping to roll back the effects of climate change, but they have the potential to make a tax director's job more difficult.

Marina Capel, head of tax, Asia at Thomson Reuters

Patrick Mischo Law firm Allen & Overy has promoted Patrick Mischo to tax partner.

Werner Stuffer After a stint with the Munich revenue service at the start of his career and 12 years as head of international tax at Siemens, Werner Stuffer knows a bit about how tax authorities function. This knowledge, he hopes, will be one of the skills he will bring to Pricewaterhouse-Coopers in his new role as international tax partner.

Adnan Nas Burcu Canpolat As one of the world's rising economies knocking at the EU's door, Turkey has made vast progress in restructuring its economical policies as well as in improving its business environment. Accordingly, the comprehensive changes made to the legislation brought incentives to support / promote such outbound & inbound investments. During the process of EU accession, the legislation is in the restructuring process. Some of the more significant ones are summarised as follows:

Joanna Faith finds out the pros and cons of outsourcing in-house tax functions in a recession

Carl Pihlgren Emelie Bergman The Swedish income tax act contains rules on exit tax when a business activity ceases to be subject to tax in Sweden. These rules should be applicable when Sweden no longer has the possibility to tax an income in a Swedish company where the company is treated as having its domicile in the other contracting state, according to the relevant tax treaty. The purpose of the exit taxation rules is to tax the assets as if they where disposed at their fair market value. Furthermore, if a business activity ceases to be subject to tax in Sweden, there are Swedish rules that state that the legal person should immediately reverse its tax allocation reserve.

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).