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  • Value added tax – Exemption of the chartering of seagoing vessels.
  • Interpretation of Article 52 of the EC Treaty (now, after amendment, Article 43 EC) and Article 73b of the EC Treaty (now Article 56 EC) – Tax legislation – Conditions for taxing income and capital in a member state – Double taxation convention concluded with another member state – Methods of exempting and offsetting tax – Wholly artificial arrangements – Cohesion of the tax system.
  • 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.
  • 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.
  • 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.
  • Gareth Miles has joined the partnership of Slaughter and May in London
  • 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
  • Finance Minister Jim Flaherty cut the corporate tax burden and announced a plan to boost Canada's standing in global capital markets in the 2007 Federal Budget, released on March 19.