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The US Treasury and the Internal Revenue Service have issued a notice proposing amendments to Treasury Department Circular 230, which sets out the rules for tax professionals who practice before the IRS. Link available

President Bush has asked for $11,009,107 for the Internal Revenue Service in his 2007 budget request, which was sent to Congress on February 6

A committee of corporate bonds and securitization specialists has recommended a uniform rate of stamp duty throughout India. Link available

Ireland's Finance Bill 2006 includes measures to restrict the tax deduction available on loans used by one company to buy shares in a related company; a general anti-avoidance provision which would allow the tax authorities take action to withdraw a tax advantage from a transaction and more scope for the tax authorities to impose VAT groups

The Indian states of Delhi, Rajasthan, Uttar Pradesh and Gujarat have agreed to maintain uniform tax rates on bullion. All the four states agreed to impose 1% value-added tax or sales tax on the precious metals, providing a major relief to Delhi, which has been losing considerable amount of bullion trade to states where a lower tax regime prevailed

The English Court of Appeal has upheld the High Court ruling in favour of Revenue & Customs against 50 large US and Japanese multinationals trying to reclaim tens of millions of pounds of advance corporation tax. The Court of Appeal found that while advanced corporation tax breached relevant terms in the tax treaties, that part of the treaties had not been implemented by UK legislation. The decision enables the companies to appeal to the House of Lords on domestic law issues or to take the case to the European Court of Justice on points of European law

On January 1 Federal Law # 117-FZ of 22 July 2005 came into effect, which introduces certain tax allowances for residents of special economic zones (SEZs). This law is an essential extension of the Law on Special Economic Zones (# 116-FZ of July 22 2005), which governs the creation of SEZs in Russia.

On January 1 2006 the Ministry of Finance introduced two new sets of rules relating to the taxation of importation of goods to Poland. In general the purpose of the regulations is to apply a more taxpayer-friendly approach and create rules which would stop Polish importers from making customs clearances in neighbouring countries instead of in Poland. The government decided to make the changes because of the increased interest of Polish importers in the possibilities created by, for example, Czech postponed accounting system, combined with the exemption for supplies within bonded warehouses.

The Tax Arrangement for the Kingdom (the TAK) functions as a tax treaty between the Netherlands, the Netherlands Antilles and Aruba. The TAK limits the Dutch dividend withholding tax to 8.3% in case of a participation of 25% or more.

Effective from December 19 2005 Royal Assent was given to legislation which amends the operation of what is known as the section 23AG foreign employment income exemption.