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Switzerland's tax regime has a lot of advantages for any multinational corporation thinking of locating a headquarters there, explain Thierry Sauvaire and Andreas Müller of KPMG

By Stephen Edge and Sara Luder, Slaughter and May

By Fred Barrett and Adriana Rodriguez, PricewaterhouseCoopers, Mexico City

By Massimo Agostini and Paola Albano, Gianni, Origoni, Grippo & Partners

By Eduardo Abad and Ramón Tejada, Garrigues

New Zealand's tax policy work programme for 2006 will help "to ensure our tax arrangements remain competitive with trading parties like Australia to encourage investment and promote productivity.", the country's revenue minister has said. High on the list of priorities was a business tax review, measures to increase productivity and growth, and New Zealand's international tax rules. Peter Dunne outlined the blueprint when addressing the annual conference of New Zealand branch of the International Fiscal Association in Wellington.

Diagram 1: Tax contributions of all survey participants by tax A PricewaterhouseCoopers survey of most of the UK's top 100 companies has found corporate tax payments account for just half of their £18 billion ($31.2 billion) tax bill.

Treasury and the IRS have promulgated new temporary regulations to allow the making of late purging elections in order to eliminate the passive foreign investment company (PFIC) taint on ownership of shares in certain foreign corporations. This procedure, which requires IRS approval, should help taxpayers who have inadvertently fallen under the PFIC rules.

The Minister of Finance presented his Budget speech to parliament on February 15 2006. Apart from announcing changes in tax rates, allowances, exemption thresholds, and the like, the documentation accompanying the Budget speech also spelt out a number of tax-related issues to which attention would be given, and possible amendments to the law to be made.

By Patrick Meiisel, Axel Mielke and Frank Schmidt, PricewaterhouseCoopers