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A well-crafted system

The Irish government is copper-fastening Ireland's position as a market leader. Sharon Burke of KPMG reviews the developments

March 01 2008

Chasing the goal of a reformed Mexican tax system

Omar Zúñiga, GE's corporate tax director in Mexico, argues that simplicity is the long-term goal of the recent tax reform. The government will be under pressure to achieve its objectives

March 01 2008

Italy redefines permanent establishment approach

Marco Da Re and Davide Bergami of Ernst & Young in Italy argue that Italy's independent line on permanent establishment could be a source of future problems for business

March 01 2008

Court rulings refocus French tax audits

Pierre-Yves Bourtourault, of Baker & McKenzie in Paris, examines the impact of recent French permanent establishment rulings on multinational companies operating in France

March 01 2008

Tax incentives - another reason for multinationals to undertake R&D in Australia

Neil Wilson Australian tax law has included a broad-based incentive for research and development (R&D) since 1985. In late 2007, a new incentive was introduced aimed specifically at taxpayers with international operations, being a tax concession to encourage such groups to locate R&D functions in Australia.

March 01 2008

Double tax treaty network gets bigger

Clemens Hasenauer Johannes Prinz The list of countries with which Austria has entered into double taxation agreements continues to expand. Since January 1 2008, new tax treaties with the following countries are effective:

March 01 2008

Relief for cross-border REITs announced

Wanda Rumball Carrie Aiken Amendments to the new tax rules for specified investment flow-through entities (SIFTs) were recently announced in response to public comment. The SIFT rules impose tax on the distributions of publicly-traded income trusts and on the income of publicly-traded Canadian partnerships, but were generally intended to exclude real estate investment trusts (REITs).

March 01 2008

Changes to tax laws for 2008

Henry An David Jin-Young Lee The National Assembly approved amendments to the Corporate Income Tax Law and other tax laws, which are mostly effective from January 1 2008. Some of the key amendments include the following:

March 01 2008

Rules on transfer pricing and advance pricing agreements

Alex Milcev Adrian Rus The general transfer pricing principles were adopted in Romania in 1994, although it was only with the introduction of the Fiscal Code in 2004 that proper and more specific OECD-based transfer pricing rules appeared. Consequently, the legislation and its implementation are still at early stages though awareness is increasing.

March 01 2008

New treaty and protocols enter into force

Sean Foley On December 28 2007, the US exchanged instruments of ratification relating to the new protocols to the US-Germany, US-Denmark, and US-Finland income tax treaties, as well as a new US-Belgium income tax treaty. These protocols and the new treaty entered into force on that date. See US Treasury department release hp-753 (January 2 2008), available at: http://www.treas.gov/press/releases/hp753.htm (last visited January 11 2008).

March 01 2008

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