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  • Sophie Stylianou The Cyprus Companies Law, Cap. 113, was recently amended, to incorporate new significant provisions with regard to the preparation of consolidated financial statements by small sized groups.
  • Neil Wilson Tax advisers have recently been involved in discussions with the Australian Tax Office (ATO) in relation to the Australian corporate income tax treatment of Dutch co-operative entities (Dutch co-ops).
  • Britain's tax authorities have changed how transfer pricing enquiries are dealt with in the UK. HM Revenue and Customs signalled the new plans in October last year when it published the Making a difference: clarity and certainty document after a public consultation. Now it has announced what these plans will mean.
  • Jose Maria Cusi of Clifford Chance warns that new rules have made Spain's transfer pricing regime much tougher following significant amendments to corporate income tax
  • Clemens Hasenauer Johannes Prinz Recent legislation entering into force in 2008 (Abgab-ensicherungsgesetz 2007, Mittel-standsfinanzie-rungsgesellschaften-Gesetz 2007) has introduced several changes in Austrian (corporate) income tax law.
  • Bob Reynolds argues that tax intermediaries report could face implementation difficulties after calling for greater co-operation between advisers, authorise and taxpayers
  • By Joanna Faith
  • Kuwait: seeks more foreign investment Kuwait's parliament has adopted a law which has slashed corporate tax rates for foreign firms to 15% from 55% in an attempt to drive more investment into the emirate from abroad.
  • Shearman & Sterling has elected Kirsten Garry to the partnership. She specialises in international corporate tax especially in the financial services sector. She was seconded to Goldman Sachs for several months until February 2007.
  • German law firm Luther Rechtsanwaltsgesellschaft is the latest member to join the international tax network Taxand. To coincide with this development it is expanding its tax resources.