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James Durling, whose trade regulatory practice includes transfer pricing, is one of a 14-strong international trade practice that has moved from Willkie Farr & Gallagher to Vinson & Elkins in Washington

Merck, a US pharmaceuticals company, revealed it may be liable for up to $5.58 billion in tax on Tuesday.

The UK tax authorities have had to put back the introduction of reverse charge accounting for businesses trading in mobile phones, computer chips and other electronic products.

An international study has found that corporate tax forms 36% of the Total Tax Rate – a combination of the number of payments, the time taken to comply and the total tax payable – paid by business in 175 countries. Because of this, the authors believe company tax reform should consider all the taxes a company pays and not just income tax.

Government plans to impose a tax on income trusts in Canada seem set to become reality after receiving backing from the House of Commons. The amendment was supported by Conservative, Bloc Quebecois and New Democratic Party MPs in the minority parliament. The Liberals alone voted against the changes. Income trusts afford more favourable tax treatment compared with a conventional company structure, as federal and provincial income tax is avoided by paying out most of, or all earnings to investors, instead of retaining profits for future investment.

Richard Nugent has become a special counsel in the New York office of Cadwalader, Wickersham & Taft. He advises clients on the tax aspects of public and private corporate mergers, acquisitions, spin-offs, cross-border tax planning strategies, the tax consequences of restructurings and bankruptcies, and financing transactions.

Romano Prodi, the Italian prime minister, has pledged to crackdown on tax evasion in the 2007 Budget but will open up the economy with reforms encouraging M&A.

Failure of a member state to fulfil obligations – Articles 49 EC and 50 EC – Freedom to provide services – Activities in the construction sector – Prevention of tax fraud in the construction sector – National legislation requiring the withholding of 15% on payments to contracting partners not registered in Belgium – National legislation imposing joint and several liability for the tax debts of contracting partners not registered in Belgium.

Anneli Collins formerly international corporate tax head will become head of M&A tax. Collins is replaced by Chris Morgan, previously head of the EU law group. Stuart Hindle, who was deputy head of our indirect tax practice, becomes tax head for the firm's consumer and industrial markets division.

The rules, which came into force on November 1, impose an additional levy on companies owning 10% or more of a UK Reit.