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  • By Luis Liñero, Deloitte
  • By Manuel Solano, Ernst & Young
  • Latin America is back in business. After the financial malaise of the past decade, the continent has turned the corner and is rapidly shaping up to compete with other dynamic regions of the world, particularly Asia, to attract foreign investors.
  • Neil Wilson The release of the Australian Taxation Office's (ATO) Large Business and Tax Compliance booklet on August 30 2006 marks a critical juncture in the Australian tax system for large business. A good way to start to understand what will attract the ATO's attention is to consider the seven high-level propositions for risk identification and risk profiling.
  • Mike Sufrin, director of tax at Rolls-Royce, argues for more flexibility in reporting the tax charge
  • A new law has amended the VAT regime on the sale and lease of real estate in Italy. Fulvia Astolfi and Serena Pietrosanti of Lovells analyze the new measures and explain what real estate investors need to do to comply
  • Ann Jones of Lowendal analyzes why many EU businesses are failing to reclaim billions of euros in value-added tax. The European Commission's proposals to simplify legislation in this area might help, if agreement is ever reached
  • Edward Tanenbaum Kevin Rowe Treasury and IRS have issued a new set of temporary and proposed regulations under code section 7874. These regulations address the substantial business activities safe harbour, anti-abuse transactions using publicly-traded partnerships, indirect acquisitions of properties and other issues.
  • By Benjamín Cubides Pinto, Baker & McKenzie
  • By Paolo Giacometti and Massimo Antonini of Chiomenti Studio Legale