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  • Steven Musher was finally confirmed as associate chief counsel (international) of the US IRS on April 14 Before becoming acting counsel in November 2005, Musher was deputy associate chief counsel where he oversaw the published guidance programme.
  • John Neighbour: new move to KPMG John Neighbour, the former head of the OECD's tax treaty, transfer pricing and financial transactions division, has been made partner in KPMG's global transfer pricing practice. He will specialize in financial services work.
  • The Law "On Customs Tariff" is a basic law which regulates determination and declaration of the customs value of goods. It was first adopted in 1993. The amendments to the law come into force on July 1 2006.
  • The Business Council of Australia (BCA) has called for the recent review of Australia's tax system not to be a one-off.
  • The UK corporate tax community believed Gordon Brown, the UK chancellor of the exchequer, wasted the opportunity of his budget speech in March to simplify and enhance the competitiveness of the UK tax system.
  • The new chairman of the OECD's Committee on Fiscal Affairs (CFA) aims to "speed up the Committee's work on exchange of information and to develop international guidelines for consumption taxes."
  • In a previous issue of the magazine, we analyzed some of the main features of the major tax reform that the Spanish Ministry of Finance published in January. As anticipated, some relevant modifications have been finally introduced before its submission to the Spanish parliament.
  • Julian Robertson-Kellie and Shiv Mahalingham of Ernst & Young discuss how to combat value leakage that is attributable to inadequate transfer pricing polices for intra-group transactions and whether traditional transfer pricing policy is appropriate today
  • A recently issued notice had spurred development of China's APA programme. The programme can be useful to address not only cross-border but also intra-China transfer-pricing issues, explain Spencer Chong and Qisheng Yu of PricewaterhouseCoopers
  • David Rivkin's guilty plea in the case of bogus tax shelters involving former KPMG staff and bankers and lawyers, was "made out of fear and a lack of resources rather than any real guilt," according to Stanley Arkin, a lawyer for Jeffrey Eischeid, former head of KPMG's innovative strategies group. Eischeid goes on trial in the case with 17 ex-colleagues later this year.