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  • The Treasury Department and IRS have issued Notice 2006-36, inviting public comment on recommendations for items that should be included on the 2006-2007 Guidance Priority List. The 2006-2007 list will feature guidance that the authorities intend to publish between July 1 and June 30 2007. The announcement follows the release of the updated Priority Guidance Plan on March 6.
  • The Sala IV constitutional court deemed illegal procedures to fast-track the Costa Rican Permanent Fiscal Reform package on March 22.
  • Gordon Brown, the chancellor of the exchequer, has increased the maximum number of employees allowed for the 50% tax deduction for revenue spend on R&D from 250 to 500.
  • Gordon Brown, the chancellor of the exchequer, asked Sir David Varney, executive chairman of HMRC, to carry out the review. The report will look at the links between HMRC and large UK companies and hopes to build on the Business Tax Forum and the links with business review, published in 2001.
  • A hearing into the impact of international tax reform on US competitiveness will be held by the Subcommittee on Select Revenue Measures of the US House of Representatives' Ways and Means Committee on May 23 in Washington
  • The New Zealand parliament passed a tax reform bill which included NZ$1.1billion ($670million) in corporate tax cuts. The cuts will be made over a four-year period.To view the New Zealand government press release, click here.
  • Sixth VAT Directive – Articles 2 and 9 – Fixed establishment – Non-resident company – Legal relationship – Cost-sharing agreement – OECD Convention on double taxation – Meaning of ‘taxable person’ – Supply of services effected for consideration – Administrative practice.
  • The credits to encourage innovation, introduced in April 2000, are hampered by tax inspectors' poor understanding, said Intellect, a high-tech industry group.
  • Total, a French oil company, owes the Venezuelan tax authorities about $99 million from between 2001 and 2004. The authorities said non-payment would lead to fines, office closures and property seizures.
  • Transaction specialist Pierre-Pascal Bruneau joined the firm from Slaughter and May's Paris office, where he was a partner for more than10 years.