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  • The government in Seoul has decided to extend the period of a corporate tax cut - for larger foreign companies - from five to seven years in order to promote foreign investment in the country's free economic zone.
  • Richard Murphy argues that the news that Ireland is to review its corporation tax policies is welcome, but only if the parameters for debate are set appropriately.
  • Matthew Stevens has left Skadden Arps Slate Meagher & Flom to become a partner of Alston & Bird in its international tax group in Washington, DC.
  • Taj, the French member of the Deloitte network, has added three new partners.
  • Paul Chambers S. Nonnenkamp The law of June 8 2007 extends the application of the aid to the audiovisual sector to 2015 and slightly amends the scope:
  • Claudia González-Béndiksen and Paola Gutiérrez expect the tax authorities in Peru to increase their focus on transfer pricing issues soon
  • Peter Dachs It is proposed that from some time next year secondary tax on companies will be changed to a tax on the shareholder receiving the dividend (as opposed to its current form where it is imposed on the company declaring the dividend) and levied at a rate of 10%.
  • PricewaterhouseCoopers in The Netherlands says the past seven months have brought significant developments in the process of the reformation of the European VAT environment of the financial sector
  • Nélio B. Weiss Philippe Jeffrey The Brazilian authorities issued on July 24 2007, provisional measure 382 (PM 382) which granted specific tax reductions/incentives. The measure comprises some tax reductions aiming to stimulate investments in specific sectors of the economy, principally to the textile and leather, agriculture and automotive industries. The main provisions set forth in PM 382 can be summarised as follows:
  • Jobst Wilmanns Martin Schmitt Now that the Bundesrat has approved the Corporate Tax Reform Act 2008, attention has turned to the practical implications. Of prime importance is the new definition of arm's length transfer prices, particularly in respect of business restructuring.