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  • Indirect tax is a focus of attention for tax authorities and so for taxpayers. Financial markets turmoil means that direct taxes may have to go up in some jurisdictions to pay for bail-outs. However, generally, the political will to raise direct taxes is fading, so governments are looking to consumption-based charges as a way of raising revenue. In other ways, indirect taxes are becoming critical to taxpayers' planning. Transfer pricing and customs rules are aligning more and more, for example.
  • The European Court of Justice has produced key decisions in recent years on how the VAT system should apply to financial services, explain Laurent Grençon and Christophe Plainchamp of Atoz
  • Over the last several years, transfer pricing has been developing as enterprises and the National Tax Authority realise the importance of transfer pricing and its tax burdens and benefits, report Wendy Chiu and Dave Barberi of PricewaterhouseCoopers
  • The indirect tax reform process, which has been under way for sometime, will culminate in the introduction of a national goods and services tax in April 2010, explain S Madhavan and Sachin Menon of PricewaterhouseCoopers
  • Andrés Edelstein Ignacio Rodríguez During the last week of June, the Argentine government sent the formal notification to the Austrian government for terminating the double tax treaty with this country. In accordance with the provisions set forth in article 29 of the treaty, this termination will become effective on January 1 2009.
  • By Joanna Faith
  • By International Tax Review
  • Jim Ryan Jim Ryan, a partner at Ernst & Young, has become the new president of the Irish Taxation Institute. Ryan leads the human capital practice at the big-four firm. He takes over as ITI president from Joan O'Connor of Deloitte.
  • Julie Zhang has joined Mayer Brown JSM to lead the firm's tax practice in China, which will offer tax transaction and controversy services. Two other tax lawyers are joining the Beijing office at the same time. Zhang specialises in tax planning and tax implications of PRC and international corporate transactions.
  • The merger of Czech firm Procházka Randl Kubr and its Hungarian counterpart Bellák & Partners to form PRK will include a tax practice of 30 professionals.