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  • Prague parliament Corporate taxes in the Czech Republic will be cut to 21%. This is a key result of a vote on a wider package of tax reforms which was passed by the Czech parliament.
  • Australia and Japan have agreed to revise a bilateral tax treaty in a bid to promote mutual trade and investment.
  • Chris Wales examines the tasks ahead of the new team at the UK's Treasury
  • Matthew Stevens has left Skadden Arps Slate Meagher & Flom to become a partner of Alston & Bird in its international tax group in Washington, DC.
  • Credit Suisse tax director Edouard Markson has joined law firm Chadbourne & Parke as tax partner in its New York office.
  • Taj, the French member of the Deloitte network, has added three new partners.
  • 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
  • Bryan Bailey Jeffrey Shafer On June 13 2007, a three-judge panel of the Federal Court of Appeal unanimously upheld the tax court of Canada's August 2006 decision in MIL (Investments) S.A.V.R. This was the first treaty-shopping case litigated in Canada.
  • 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: