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  • Jonathan Kandel and Dan Neidle in London, Felix Mühlhäuser and Marco Simonis in Frankfurt, and Christopher Roman in New York have become partners of Clifford Chance
  • A drastic policy initiative from Senator Hillary Clinton, a candidate for the Democratic nomination for the US presidency, would remove crucial tax incentives for US companies that outsource jobs to other countries, a leading tax professional believes
  • A new protocol to the tax treaty between Australia and South Africa changes withholding tax rates for dividends, interest and royalties paid between both countries, introduces measures to prevent tax discrimination and redefines what permanent establishment (PE) means
  • The Confederation of British Industry (CBI) claims that UK companies will pay £4.2 billion ($8.3 billion) more in tax over the next three years because of the abolition of tax incentives such as plant and machinery investment allowances and empty property relief.
  • Kai Hielscher and Steven Wrappe have joined Ernst & Young from Deloitte as senior transfer pricing professionals. Hielscher, who managed Deloitte's transfer pricing practice for the US central region and was that firm's global leader for life sciences transfer pricing, will move to Munich to become the leader of Ernst & Young's Japan business services global tax network. He will join the firm's global transfer pricing executive committee.
  • Jiri Teichmann and Libor Fryzek of Ernst & Young in Prague provide insight into the transfer pricing audit process
  • Government aims to align requirements with other European countries
  • Kai Hielscher and Steven Wrappe join in transfer pricing practices in Munich and US from Deloitte
  • David Stavropoulos and Andrew Spalding, of Deacons law firm, say that the ruling illustrates Tax Office policy on future adjustments
  • Glenn DeSouza and Qian Min looks at the impact of April 2008 guidelines on the conduct of transfer pricing audit