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  • Damian Bloom is the new partner in the law firm's London office.
  • The Chinese accounting firm's London branch is the first in Europe.
  • The law firm promoted London-based Gareth Amdor, Christian Schatz from the Munich office, and Alberto Ruano in Madrid.
  • The European Commission has published a second report on the progress towards a common consolidated corporate tax base for member states.
  • Robert Winters has joined the Washington DC office of Buchanan, Ingersoll & Rooney as a shareholder.
  • Nélio Weiss Philippe Jeffrey According to recently issued central bank regulations (circular no. 3345, dated March 16 2007), individuals and legal entities resident, domiciled or with headquarters in Brazil, are required to report annually to the Brazilian central bank (BACEN) their assets in foreign currency and any asset and/or right maintained abroad. The information must be disclosed to the BACEN through a declaration (forms are available in the bank's website: www.bcb.gov.br).
  • Juan Carlos Chavarría During the month of March, Guatemala, Honduras and Dominican Republic approved relevant amendments to their tax legislation which are summarised below.
  • Andrés Edelstein Ignacio Rodríguez According to domestic regulations, in order to enjoy a favourable treatment granted by tax treaty provisions, foreign beneficiaries are required to fulfill certain formalities. In this regard, they are obliged to provide the Argentine entity appointed as withholding agent with an affidavit indicating the applicable section of the relevant treaty and stating that: i) the nonresident recipient is a resident in the other contracting state, ii) it is the beneficial owner of the income, and iii) does not have a permanent establishment in Argentina.
  • Taxpayers should be aware of how the US' temporary regulations on services differ from those in the rest of the world, particularly Asia, believe Erik Skarstad, Howard Moyes and Burcin Kasapoglu of KPMG
  • Roberto del Toro Article 2 of the Mexican Income Tax Law (MITL), exempts foreign principals on Maquiladora operations from being deemed to have a permanent establishment (PE) in Mexico, as long as certain requirements are met.