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  • The Australian government will not consider increasing goods and services tax (GST) in a review of the country's tax system, despite calls to do so from business executives, the country's treasurer has said.
  • KPMG has launched a new Americas climate solutions and energy sustainability practice. To run the group, John Gimigliano, former senior tax counsel for the House Committee on Ways and Means and staff director for the Subcommittee on Select Revenue Measures, has joined its Washington national tax practice as a principal.
  • Buried in a drastic housing bill designed to rescue the failing US housing market are a number of corporate tax provisions that will provide relief to the struggling US economy.
  • The New Brunswick Business Council has blasted the idea of introducing a carbon tax in the province.
  • The UK treasury has issued three consultation papers on asset management taxation. The consultations are part of a package of measures announced by the government in the 2008 budget to make the country a more competitive location for asset management.
  • KR Girish and Himanshu Patel, of TP Week.com correspondent KPMG in India, believe the Authority for Advance Rulings was correct to use the narrow definition of fee for technical services under the double tax treaty with Singapore to decide the Cushman & Wakefield case in favour of the taxpayer
  • The Australian Taxation Office has issued a discussion paper on thin capitalisation to its National Tax Liaison Group Transfer Pricing subgroup
  • The OECD’s transfer pricing guidelines for application to separate but associated enterprises should apply in the attribution of profits to permanent establishments (PEs), said a report by the organisation
  • Eli Katz has joined Chadbourne & Parke as a tax counsel in the project finance and tax practices. He was formerly vice president-tax planning and counsel for GE's energy financial services business where he worked on renewable energy project finance investments, including wind, solar, biomass, geothermal and biofuels, and also managed a variety of energy asset acquisitions and dispositions.
  • Australia and New Zealand's finance ministers expect negotiations on a new tax treaty between the two countries to conclude successfully by the end of this year