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  • The European Commission has opened a formal investigation into planned German tax advantages for venture capital companies and individuals investing in target enterprises.
  • Dennis Turovets will chair Magisters' tax practice in its new office in Minsk. The office opened on February 4 after the firm merged with BelJurbureau,, a Belarus practice, in December. Three other professionals will work Turovets, who is also the managing partner of the office, in the tax practice
  • Diane Hay, former deputy director, CT & VAT and head of the Transfer Pricing Group at HM Revenue & Customs in the UK tells Catherine Snowdon about some of the main difficulties she tackled while at the revenue authority, offers taxpayers an insight into how transfer pricing cases are selected and talks about the future of transfer pricing.
  • First subparagraph of Article 104(3) of the Rules of Procedure; First VAT Directive; Sixth VAT Directive; Article 33(1); Concept of 'turnover taxes'; Tax calculated on the basis of an undertaking's turnover to finance the maintenance and development programme for national roads.
  • The UK must retain and improve R&D tax credits during the recession for the benefit of the whole economy, the Confederation of British Industry has said.
  • The new office that NERA Economic Consulting, a global provider of economic advice and analysis in business, legal, and regulatory matters, is opening in Geneva will focus on transfer pricing and intellectual property services
  • Jordi Dominguez, a partner of Garrigues in Madrid, is leaving to join Latham & Watkins as a partner in the same city. He has worked on complex tax planning and structuring matters in cross-border M&A, restructuring transactions and insolvency proceedings, and on the tax aspects of investing in Latin America. His clients include Spanish companies, multinational corporations, private equity firms and large European and global financial institutions.
  • Michael Shikuma has become a partner of White & Case in Tokyo. He is a certified public accountant and Gaikokuho Jimu Bengoshi (registered foreign lawyer), as well as a member of the Hawaii State Bar. He advises clients on the taxation of cross-border transactions and restructurings, and high-net-worth individuals on personal and international estate planning in the US, Japan and the Asia-Pacific region.
  • The Senate Finance Committee voted 14 to 9 to approve a $342 billion "American Recovery and Reinvestment Tax Act."
  • The UK is in need of a 'dramatically simpler' tax system to improve the country's competitiveness and prevent corporate migration, said the opposition chancellor of the exchequer. George Osborne, of the Conservative party, told a conference in London that now is the time to plan for the upturn and realise that a long-term strategy for the UK tax system will be more effective than a series of quick fixes.