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Malta seeks to transform itself for international business Source: Flickr The Maltese parliament is now debating legislation that it tabled earlier this month to bring the country's tax system into line with European Commission requirements.

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.

Stephen Nelson The long-awaited unified draft enterprise income tax bill was approved by the Standing Committee of the PRC National People's Congress on December 29 2006, and will be submitted to the National People's Congress this March. The tax bill is expected to come into effect from January 1 2008 if approved.

Bill increasing foreign tax credit On December 15 2006 the Chilean President sent to Parliament a Bill which aims, among other things, to increase the domestic foreign tax credit for certain inbound income from countries that have not subscribed to double tax conventions with Chile (hereinafter non-treaty countries). The Bill also extends the scope of income taxes that entitle a taxpayer to claim foreign tax credit in the cases of treaty countries; and eliminates formal requirements to be entitled to the aforementioned credit.

Draft bill almost fully implements EU merger directive Marc De Muynck Last summer the Belgian Government elaborated on a draft bill aimed at further implementing the EU merger directive (90/434/EEG dated July 23 1990) into the Belgian tax code.

Vispi Patel of RSM & Co describes the attitude of the Indian revenue authorities to transfer pricing audits and points out how international taxpayers could mitigate their risk

China. The location of cheaper production and more than 1 billion consumers. The international corporations that have not set up operations there yet are desperate to do so. The multinationals already in the country are eager for advice to protect their interests.

Marc Gerson: Being in Congress was a valuable experience but I am focused now on Miller After two years as majority tax counsel to the US House of Representatives Committee on Ways and Means, Marc Gerson has rejoined Miller & Chevalier. He joins the Tax Department and the Tax Legislative Practice of the Government Affairs Department as a Member.

Claire Jones finds out how two of the world's biggest media companies benefited from a recent reform of the US tax code to do a tax-efficient transaction

Dunja Brodic Protocol amending the Sweden-US tax treaty The protocol amending the 1994 Sweden-US tax treaty was ratified on August 1 2006. Under the new rules, which entered into force on August 31 2006, the dividend withholding tax is reduced to nil in most situations when dividends are paid from a subsidiary in one state to a parent company in the other state. Also pension funds may benefit from the exemption from withholding tax on dividends from the other contracting state. The protocol contains, however, a number of exemptions the purpose of which is to avoid treaty shopping. The rules regarding withholding tax apply as of October 1 2006.