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  • Alistair Darling, the UK Chancellor of the Exchequer or finance minister, will present the Pre-Budget Report and the Comprehensive Spending Review to Parliament on Tuesday. The PBR usually discusses the government's tax plans for the next fiscal year.
  • Deloitte and Skadden Arps Slate Meagher & Flom were the big winners at International Tax Review's second annual Americas Tax Awards
  • China will cut taxes in eight industry sectors immediately, as part of its continuing efforts to standardise the country's corporate tax system
  • The US Senate Commerce, Science and Transportatation Committee failed to agree on an extension of the current moratorium on internet access and electronic commerce taxation when it marked up the Internet Tax Freedom Extension Act of 2007 on September 27. The day before Henry Paulson the Treasury secretary, and Carlos Gutierrez, the commerce secretary, urged lawmakers to extend for good the ban on taxing access to the internet and electronic commerce taxation.
  • Paulus Merks has joined DLA Piper's tax team in Amsterdam as a partner. He came from Ernst & Young, where he worked for over 12 years in Europe and the US.
  • International businesses have challenged the Indian government to defend its policy of charging foreign companies higher taxes than domestic firms
  • A majority of pan-European businesses support the common consolidated corporate tax base, says a new survey from KPMG
  • The highly anticipated fifth protocol to the Canada-US income tax convention was signed on September 21, has confused and pleased tax professionals on both sides of the border
  • The Indian government has announced a process of joint monitoring of transfer pricing reporting
  • Alvarez & Marsal Taxand, the US member of the Taxand global alliance of independent tax firms, has added two experienced economists to its transfer pricing team in Washington, DC