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  • Mark Everson, the Internal Revenue Service commissioner, will head the forum on tax administration, part of the OECD's committee on fiscal affairs
  • Manuel Candal: "Our firm will be well considered because our approach is based on specialization." The compliance burden associated with the Sarbanes-Oxley Act has driven Manuel Candal, formerly head of international tax services (ITS) for PricewaterhouseCoopers in Venezuela, to start his own firm.
  • The key issue in this case was whether or not a contractual arrangement related to real estate, which fell short of being a transaction of leasing or letting, was to be treated as such a transaction for value-added tax (VAT) purposes with the effect that it would be an exempt supply.
  • As already mentioned in the March and May issues of International Tax Review, a significant tax reform is now being debated in the Spanish parliament in relation to personal income tax, corporate income tax and non-resident income tax, which will predictably come into force for the fiscal years commenced on or after January 1 2007.
  • No formal advance tax ruling system presently exists in South Africa. Traditionally taxpayers have approached the South African Revenue Service (SARS) for its views on the interpretation of certain legislative provisions. However such so-called rulings are not formally binding on SARS.
  • Sed Crest reveals which firms' tax services contribute the most value to companies doing business in the region, which types of tax services are growing fastest and how much tax executives in the region earn
  • Arnold van der Smeede and Jeroen Starreveld of Spigthoff look at proposed changes to the Dutch participation exemption, dividend withholding tax, the introduction of an interest and patent box, and new rules on the limitation of interest deduction
  • The SICAR legislation is an example of how Luxembourg has modified its tax system in recent years to keep pace with and ahead of other EU member states in the competition for foreign investment, according to Rene Beltjens of PricewaterhouseCoopers
  • The corporate tax reform that is due to take effect on January 1 2007 includes a cut in income tax. The reform is aimed at helping the Netherlands compete better for foreign investment, explain Arne Kattouw and Roland Brandsma of PricewaterhouseCoopers
  • Foreign investors should be aware of the risk of creating a permanent establishment in the Czech Republic when sending foreign nationals to set up or manage their Czech operations, warn John Ploem and Jan Cernohouz of Deloitte