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  • Neil Wilson The Board of Taxation has released details relating to its proposed reviews of the tax treatment of off-market share buy-backs and the foreign source income anti-tax deferral regimes. These reviews were announced by the Government on October 10 2006.
  • Andrés Edelstein Ignacio Rodríguez After Congress approval, on December 21 2006 the Argentine Executive Branch has enacted the Double Tax Treaty signed with Russia (Law 26,185).
  • New anti-abuse measures contain important changes to transfer pricing, transfer tax and the definition of a tax haven, reveals José Maria Cusí of Clifford Chance
  • Current documentation and advance pricing agreements are two strategies that could overcome the differences between OECD, Dutch and US services regulations, believe KPMG Meijburg & Co
  • On their bikes? Foreign firms expected to stay following reform Following years of speculation, China's National People's Congress (NPC), the country's parliament, looks set to pass a bill unifying the tax codes for foreign and domestic companies in 2007. A merged code could come into force at the beginning of next year.
  • Two notices on Subpart F reform are the latest attempts to provide taxpayers guidance on issues that were uncertain.
  • Wal-Mart, the world's biggest retailer, has concluded the first advance pricing agreement (APA) with the State Administration of Taxation (SAT) in China and the US Internal Revenue Service (IRS).
  • Hal Hicks, international tax counsel of the US Treasury, is stepping down on February 6 to become an international tax partner in the Washington, DC office of Skadden, Arps, Slate, Meagher & Flom. He will be working on international tax support for transactions, tax consulting and tax controversy.
  • Grant Thornton in the UK has lured the former group tax director from Scottish Power to its international tax team as it bids to strengthen its service to cross-border clients.
  • Akio Takisaki On December 14 2006, the 2007 tax reform proposals were released. Among the various items proposed, we have set out the main points specifically regarding international taxation as below: