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  • Tax planning strategies will be banned in the US under an amendment published in the Patent Reform Act. The Judiciary Committee of the House of Representatives passed the new law unanimously. The ban on tax planning patents is in Section 10.
  • The commissioner of the Australian Tax Office (ATO) has said he and his staff want "a prevention is better than cure" approach to compliance for large companies
  • The OECD has removed Liberia from its list of uncooperative tax havens. The country has committed to implementing a programme to improve transparency and establish effective exchange of information in tax matters.
  • The Brazilian government plans to introduce draft legislation this year to simplify the tax system significantly. Guido Mantega, the finance minister, said the measure would spark economic growth.
  • Thousands of UK company tax returns will be sent to India to be processed by graduates there after Ernst & Young took the decision to move compliance work offshore
  • US Treasury secretary Henry Paulson backed Chile's bid to become the second Latin American nation, after Mexico, to enter the OECD.
  • Taj, the French member of the Deloitte network, has added three new partners
  • The House of Lords has decided that Sempra Metals should receive compound interest on the refund they were awarded for paying a UK tax that was ruled illegal under EU law
  • Private investment has increased to more than 45% of Malaysia's total investment following attractive corporate tax incentives introduced by the government
  • The US government is to appeal against a federal judge's dismissal of criminal tax fraud charges against 13 former KPMG partners