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  • Federal Board: conducting reviews Pakistan's Federal Board of Revenue has created a task force to review how multinationals' international transactions are taxed. The task force will look specifically at banking sector, non-resident companies, petroleum/gas exploration companies, pharmaceutical, telecommunication, satellite TV channels and mobile phone companies.
  • Paul Farmer has joined the London office of Dorsey & Whitney. He was head of analysis and coordination of tax policies at the European Commission.
  • Laurent Borey, who heads the Paris tax team of the Mayer Brown, has been appointed to the worldwide tax board of the firm. He is the only European on the board whose other five members are American.
  • Jeon Goon-pyo Jeon Goon-pyo, the head of Korea's tax administration, has been arrested on charges of bribery. If he is convicted, he could spend up to seven years in prison.
  • Bela Jansen The Frankfurt office of Dewey & LeBoeuf has poached tax practitioner Bela Jansen from Clifford Chance in the city. He begins work at his new firm as a partner from January 1. This brings the tax practice in Frankfurt to a total of 16 lawyers and tax advisers, including five partners.
  • Sean Foley On October 31 2007, the Senate Foreign Relations Committee approved 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.
  • Bob Alltop and Mark Bronson of Ballentine Barbera discuss the implications of the IRS' Coordinated Issue Paper on cost-sharing buy-ins
  • Horacio Dinice of Deloitte in Argentina, Ricardo González Orta of Deloitte in Mexico and Marcelo Natale of Deloitte in Brazil survey the variations in transfer pricing throughout Latin America