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Jelle Bakker of Bakker Smit Vermeij looks at how draft amendments to the Dutch Corporate Income Tax Act might affect the current tax treatment of hybrid financing instruments. The changes are due to take effect at the beginning of 2007

The issue of time limits has come to the fore in tax cases at the European Court of Justice. The court would have to take a number of underlying issues into account before it could depart from existing case law, believes Liesl Fichardt of Dorsey & Whitney

The nature of international tax means that national revenue agencies and policy makers speak to each other all the time. Groups such as Jitsic (the joint international tax shelter information centre), which brings together the US, the UK, Canada and Australia in an effort against unlawful tax avoidance and the Leeds Castle group of national tax authorities, which as well as the four previously mentioned, includes China, France, Germany, India, Japan and South Korea, discuss best practices in matters such as compliance and administration. National tax authorities also take part in the work of multinational organizations such as the UN, the EU and the OECD.

Judith Harger has become the first tax partner in the London office of LeBoeuf Lamb Greene & Macrae. She joined from Denton Wilde Sapte.

Legislation has yet to be introduced to give effect to the 2005-06 Australian federal Budget proposal to limit the application to non-residents of Australia's capital gains tax (CGT) rules to real property (whether held directly or indirectly) and the business assets of Australian branches of a non-resident.

The Argentine economy has shown a strong recovery and economists are increasingly optimistic about growth prospects in the near future.

Taxpayers should not overlook a provision in British tax law that can tax UK shareholders on gains realized by foreign companies, warns Robert Langston of Grant Thornton

Under the new Company Law, profit distributions, redemptions made upon reductions in capital and reserves, as well as the acquisition of treasury stock are unitarily referred to as a "surplus distribution".

Housing prices in China have surprised almost everyone by surging since 2000, despite the government's efforts to cool them, with the property developers' expectations for steady growth and experts' fear that the bubble could burst. The country's investment in real estate increased at an annual rate of more than 20% for five consecutive years starting from 2000. Although the growth rate has dropped in 2005, it was still at 19.8%.

The regional documentation templates that exist are not binding on individual countries. It does not make global documentation rules any more achievable, explains Miles Unwin of Ernst & Young