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  • Italy's headline corporate tax rate will be cut to 27.5% from 33% if the budget (in Italian), introduced on September 30, is approved. The reduction will be revenue-neutral and financed by reducing government funded incentives and subsidies to industry.
  • The group that represents investment managers in the UK has welcomed the publication of a consultation document into the taxation of offshore funds
  • A proposal for a single set of rules to calculate company tax bills throughout the EU looks closer and closer after the latest meeting of the common consolidated corporate tax base working group
  • Hardev Singh, senior manager in the transfer pricing department at KPMG India, looks at the efforts of income tax and customs departments to achieve consistency from multinationals.
  • The UK tax authorities are inviting companies to participate in three reviews aimed at simplifying the business tax system
  • K R Girish and Veena Parrikar, of KPMG, question one solution fits all for companies seeking transfer pricing savings from shifting activities offshore
  • Sergio Illanes, Miguel Zamora and Ana Paula Güitrón of Baker & McKenzie summarise the key points of the Chilean transfer pricing regime
  • Luis Eduardo Ocando, for E&Y in Panama City, comments on new regulations for transfer pricing
  • SS Palwe, Samir Gandhi, Tehmina Latiwala and Mital Patel of Deloitte in Mumbai comment on a key transfer pricing ruling
  • Moisés Curiel, Carlos Linares and Eduardo Méndez of Baker & McKenzie discuss how transfer pricing policies in Mexico have changed since their introduction