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  • 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.
  • 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.
  • EU member states can operate a tax system that discriminates against a subsidiary and their parent company established in another member state
  • The European Commission has called on Austria and Germany to amend national legislation on outbound dividend payments to companies
  • For a short time on July 25, Lloyd Doggett, a Democrat member of the US House of Representatives from Texas, had his name in lights
  • US Treasury secretary Henry Paulson backed Chile's bid to become the second Latin American nation, after Mexico, to enter the OECD.
  • 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
  • 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
  • Taj, the French member of the Deloitte network, has added three new partners