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  • Fernando Castro Silva Tiago Cassiano Neves Following the recent recommendations of the 2008 OECD tax intermediaries' study, Portugal is the first continental European country to enact disclosure rules on abusive tax planning schemes.
  • Marta Szafarowska According to recent information, in 2007 the value of consumer lease in Hungary amounted to more than 57% of the total value of the equipment lease. At the same time, in Poland the value of a consumer lease amounted to only 0.5% of the total value of equipment lease. The difference is striking, which makes it worth looking into details of why Polish lease providers refrain from active promotion of the lease as means of financing consumer needs.
  • Thomas Pippos In early July a taxation bill was tabled in the New Zealand Parliament, the Taxation (International Taxation, Life Insurance and Remedial Matters Bill ("the bill"). With 445 pages of legislation, 122 pages of explanatory notes and 160 pages of commentary, the bill will take quite some time to digest.
  • Securities/ futures firms are now allowed to invest in China indirectly and foreign funds are exempt from submitting certificates declaring that investment capitals are not sourced from China. In a recent press release announced by the Taiwanese Executive Yuan, the cabinet has approved five proposals, for example allowing Taiwan securities/futures firms to invest in China and relaxing the relating investment cap in a legislative hearing held on June 26 2008.
  • Ferdy Foubert and Dirk Van Stappen of KPMG explain why Belgium is a prime location for shared services centres and pension funds
  • Tax legislation is soon to be amended to include greater transfer pricing detail, say Miguel Zamora and Ana Paula Güitrón of Baker & Mckenzie
  • Rüdiger Loitz, Tobias Taetzner and Tom Weber explain how finance can help improve tax effectiveness
  • Ryan Pinder, a partner in the firm's corporate and tax law group, is to be the head of Becker & Poliakoff's new office in the Bahamas.