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  • KPMG adds three to the firm’s economic and valuation services practice
  • The Internal Revenue Service has formed a council to help it deal with transfer pricing matters effectively
  • Hiroyuki Takahashi has joined KPMG as a director in the firm’s global transfer pricing services practice. Takahashi will be based in Shanghai.
  • It has been discussed whether Brazilian transfer pricing rules apply to the sale of shares and quotas held by Brazilian companies to a related party, as defined by law (including residents in low tax jurisdictions and beneficiaries of privileged tax regimes).
  • Corporate tax systems are past their "best before date", Shell's vice president of tax policy told the European Commission's annual tax forum in Brussels on Monday.
  • Sean Shimamoto and Steven Matays have become partners of Skadden, Arps, Slate, Meagher & Flom's tax practice. Shimamoto, in the firm's Washington, DC, office, represents major corporations and private equity funds on US federal income tax matters, including M&A, debt and equity offerings and joint ventures. His practice also covers tax matters in the energy sector. He also advises clients on tax matters in the energy sector, particularly involving renewable energy projects.
  • The Cayman Islands has signed tax information exchange agreements with seven Nordic economies - Denmark, Sweden, Finland, Greenland, Iceland, Norway and the Faroe Islands.
  • The OECD's progress report on adherence to global standards on the exchange of tax information has an effect already since it was published yesterday
  • Kevin Dolan has left Merrill Lynch, where he was a senior vice-president and senior tax counsel, to join Shearman & Sterling as of counsel. Before his nine years at the bank, Dolan was head of Weil Gotshal & Manges' Washington tax practice and also worked in governmenet for the Internal Revenue Service, the Treasury and the SEC.
  • Tax law; Harmonisation; Turnover taxes; Interpretation of Article 9 of the Sixth Council Directive on the harmonisation of member state laws relating to turnover taxes; Common system of value added tax; Rules for the determination of the place of taxable transactions; Supply of services connected with immovable property; Services designed to facilitate for owners of timeshare interests in certain holiday properties the exchange of those usage rights; Exchange club.