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  • The Netherlands has issued a new mutual agreement procedure (MAP) in a move that will make avoiding double taxation more accessible and transparent for taxpayers.
  • Ramazan Biçer, senior transfer pricing specialist in the transfer pricing division of the Turkish revenue administration, highlights the key issues of advance pricing agreements in Turkey
  • KPMG’s global transfer pricing services group in China is expanding with a series of new hires which will take its total number of full time professionals to more than 100
  • On September 28 2008 Ecuador's president, Rafael Correa won a referendum on a new constitution that provides significant new powers, including some linked to transfer pricing.
  • Luxembourg's budget for 2009, introduced into parliament on October 1, will reduce the corporate income tax rate and abolish withholding tax on dividends paid to recipients in countries that have a tax treaty with the country.
  • Emin Toro has been appointed partner in the tax practice of US law firm Covington and Burling.
  • Kirkland & Ellis has appointed two new tax partners. Sara Zablotney has been promoted in the New York office while Sophie Allen has been made a partner in London. Zablotney focuses on the tax aspects of complex M&A, both domestic and cross-border. Allen focuses on international tax planning and provides tax advice in the context of cross-border private equity transactions.
  • Tax provisions included in the US Emergency Economic Stabilisation Plan will cost more than $100 billion over the course of 10 years and include changes to Subpart F rules, tax breaks for energy producers and relief for financial institutions that invested in the Fannie Mae and Freddie Mac mortgage corporations.
  • The Internal Revenue Service has included companies among the taxpayers that can postpone their tax filing and payment deadlines because of the effect of Hurricane Ike.
  • BMR Advisers has expanded its presence in India by combining with K Ravi, a tax advisory and controversy firm in Chennai.