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  • Japan's government is expected to announce this week a three-year extension of the tax cuts on stock investment and waiving levies that companies pay on profits returned from abroad.
  • The OECD is looking to update its guidance on the transfer pricing aspects of business restructuring. It published a discussion draft in September and is seeking comments by February 19 next year.
  • The South Korean government has promised to extend tax deductions on corporate investments in new plants and equipment for an additional year.
  • Michael Honiball has moved from KPMG to Webber Wentzel in Johannesburg in South Africa. He will continue to specialise in international corporate tax, transfer pricing and the taxation of trusts and high net wealth individuals.
  • The US and Liechtenstein have signed an agreement to allow for the exchange of information on tax matters between the two countries. The agreement signifies a significant development for a country which has been slammed for its bank secrecy rules in recent months.
  • Tax legislation; Harmonisation; Turnover taxes; Interpretation of Articles 6 and 13B(b) of the Sixth Council Directive on harmonisation of member state laws relating to turnover taxes; Common system of value added tax; Principle of fiscal neutrality; Exemptions under the Sixth Directive; Exemption for lettings of immovable property; Letting of a dwelling or non-residential premises; Cleaning of the common parts related to the letting of residential premises.
  • Hungary's parliament has passed a bill changing the country's tax laws.
  • UBS has finally succumbed to US pressure and will release the names of an unspecified number of American customers who may have committed tax fraud.
  • Georgia's prime minister hopes that a reduction in dividend taxes will mean multi-million dollar investment in his country.
  • Edward Morris has left HM Revenue & Customs to join the tax team at Deloitte. He specialises in transfer pricing and is based in the firm's London office.