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The Internal Revenue Service (IRS) has introduced operational efficiencies to improve its administration of international tax issues

Qatar Businesses based in the Qatar Financial Centre (QFC) will pay 10% tax from April 30 next year. The QFC Authority has announced that there will be no tax payable in the first three years of operation of the centre.

by Bob Reynolds

By Catherine Snowdon, Americas reporter

In the 2007-2008 inter-professional agreement, it was decided to adopt a measure that would aim at compensating the impact of salary costs on enterprises' competitiveness.

Neil Wilson On July 17 2007, Prime Minister John Howard announced that a 'cap and trade' emissions trading scheme will be introduced in Australia which will assist Australia to substantially lower domestic greenhouse gases. This announcement was made following the release of a report by the joint government–business Task Group on Emissions Trading on June 1 2007 which outlined, amongst other matters, a proposed Australian domestic emissions trading scheme that should be based on a 'cap and trade' model. This model would result in a cap being set by the government to limit the greenhouse gas emissions of regulated organisations.

Deloitte and Skadden Arps Slate Meagher & Flom were the big winners at International Tax Review's second annual Americas Tax Awards. Deloitte was named the Latin America Tax Firm of the Year, while Skadden Arps took the trophy for the best tax firm in North America

Our cover story this month examines the vexed question of flat taxes. The merits and demerits of the arguments are set out clearly in a well argued piece by Catherine Snowdon. Emerging states have clearly benefited from the coherence and simplicity of the system though economists across the world are less convinced of its benefits for more complex economies.

Following the much publicised amnesty on offshore accounts where more than 62,000 people came forward with details, HM Revenue & Customs (HMRC) have now gone a stage further.

Evgeny Sivoushkov Karina Khudenko According to new rules (effective from January 1 2007) stipulated in chapter 23 (personal income tax) of the Russian Tax Code, an individual is considered to be a Russian tax resident if he/she spends not less than 183 days during 12 consecutive months in Russia. (Instead of 183 days within a calendar year as per the previous rules).