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  • Economist leaves KPMG to join international law firm as principal economist
  • In the week of the budget, UK business leaders have stepped up the pressure on the government to reform the corporate tax system to boost the country's competitiveness
  • Stacy Choong, a director in the tax group of Drew & Napier in Singapore, is leaving the firm in June to join Rajah & Tann in the same city. She advises on all aspects of tax law, including company restructuring, capital reduction and trust formation. She also acts for clients in tax litigation.
  • Frank Landreneau has become director of international tax services at Pannell Kerr Forster of Texas. He specialises in domestic and international tax consulting and compliance services to public and private entities. His experience also includes assisting clients operating in various foreign tax jurisdictions with a variety of international tax issues, such as transfer pricing, global tax minimisation and structuring.
  • International transfer pricing consultancy signs Mexico deal with Ortiz, Sosa, Ysusi
  • Carlos Borba, Gonzalo Lucas and Alejandra Barrancos, of Deloitte in Montevideo, report that transfer pricing law has been introduced but no implementing regulations have been yet published
  • Sixth VAT Directive – Article 19(2) – Calculation of the deductible proportion – Exclusion of amounts of turnover attributable to the supplies of capital goods used by the taxable person for the purposes of his business – Notion of ‘capital goods used by the taxable person for the purposes of his business’ – Vehicles purchased by a leasing company to be leased and subsequently sold on termination of the respective leasing contracts.
  • Jim Flaherty, Canada's finance minister, failed to help Canadian business taxpayers in last week's federal budget
  • The US Treasury and the Internal Revenue Service have released new comprehensive guidance on the treatment of contract manufacturing arrangements under the foreign base company sales income (FBCSI) rules of subpart F that give companies much needed insight into what the rules mean
  • Christopher Lallo has become a partner of Fulbright & Jaworski in the firm's Houston office. He works on domestic and international tax matters, including domestic and cross-border M&A, tax-free reorganisations, spin-offs and other divestitures, cross-border investments, and financing structures.