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  • Value added tax – Exemption of the chartering of seagoing vessels.
  • Sixth VAT Directive – Supply of goods – Article 8(1)(a) – Fibre-optic cable between two member states running in part outside Community territory – Tax jurisdiction of each member state limited to the length of cable installed on its territory – Non-taxation of the part lying in the exclusive economic zone, on the continental shelf or on the seabed.
  • Freedom of establishment – Corporation tax – Immediate offsetting of losses incurred by parent companies – Losses stemming from write-downs to the book value of shareholdings in subsidiaries established in other member states.
  • The UK Treasury has published the Finance Bill 2007, which legislates for the tax provisions announced in the budget on March 21.
  • The lower house of the German parliament, the Bundestag, decided on March 23 to allow real estate investment trusts to set up in Germany.
  • Sabine Sardou has become a partner of Taj, the French member of Deloitte's tax network, in its transfer pricing practice. She had been with Ernst & Young for seven years
  • Gareth Miles has joined the partnership of Slaughter and May in London
  • The EU commission has published a green paper aimed at generating debate on environmental tax rules.
  • Alvarez & Marsal Taxand, a US tax specialist, has added Rebecca Hoover to its Charlotte office. Hoover, who joins the firm as a senior director, previously worked in the international tax departments of Deloitte and PricewaterhouseCoopers.
  • The European Commission is extending the investigation in to the tax arrangements for Belgian coordination centres, to allow Belgium and other interested parties to present their observations following the European Court of Justice's decision in the case on June 22 2006.