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  • 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
  • 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.
  • 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.
  • The Indian government has announced a process of joint monitoring of transfer pricing reporting
  • A majority of pan-European businesses support the common consolidated corporate tax base, says a new survey from KPMG
  • International businesses have challenged the Indian government to defend its policy of charging foreign companies higher taxes than domestic firms
  • 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
  • A new tax law firm to provide Dutch and international advice for companies with cross-border activities has been set up in the Netherlands
  • Alvarez & Marsal Taxand, an affiliate of Alvarez & Marsal (A&M), announced it has recruited two experienced transfer pricing economists. Mike Murphy has joined as a managing director and national practice leader and Laurie Dicker as a managing director and economist. They are based in Washington DC.
  • Luis Ocando In the Central America and Dominican Republic region, the question is not whether transfer pricing regulations will be adopted, but the standards that such regulations will follow and the mechanisms whereby those regulations will be implemented.