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US taxpayers will be able to request an automatic, six-month tax-filing extension for certain business returns from the 1 January 2006. Businesses will be able to request a six-month tax-filing extension, without a reason or signature. This simplifies the existing two-step process, although a tax-filing extension does not alter the tax-payment deadline.

The Greek Ministry of Finance has drafted a law introducing a cost plus method to determine gross profits of Greek companies which are solely involved with providing services to their head offices or to associated foreign companies. All costs taken into account for the determination of gross profits will be considered to be tax deductible as long as the companies have obtained a special license from the Ministry of Finance.

Articles 43 EC and 48 EC; Corporation tax; Groups of companies; Tax relief; Profits of parent companies; Deduction of losses incurred by a resident subsidiary; Allowed; Deduction of losses incurred in another Member State by a non-resident subsidiary; UK regulations could prevent parent companies from using foreign subsidiaries' losses to reduce their home tax bill;

Freedom of establishment – Articles 43 EC and 48 EC – Cross-border mergers – Refusal of registration in the national commercial register – Compatibility.

Articles 43 EC and 48 EC – Corporation tax – Groups of companies – Tax relief – Profits of parent companies – Deduction of losses incurred by a resident subsidiary – Allowed – Deduction of losses incurred in another member state by a non-resident subsidiary – Not included.

Sixth VAT Directive – Article 13B(c) – Exemptions – Exemption of supplies of goods excluded from the right to deduct – Resale of motor cars purchased second-hand by a leasing company – Article 26a – Special arrangements for sales of second-hand goods.

Sixth VAT Directive – Articles 21(3) and 22(8) – Joint and several liability for payment of VAT – Principles of proportionality and legal certainty – Missing trader intra-Community fraud – Carousel fraud.

In October the red-green majority coalition replaced the minority centre-right government. The proposals presented below are expected to be passed by the Norwegian parliament (Stortinget).

Investment partnerships or professional partnerships that do not register the domicile of their domicile will have to pay the municipal tax in the district corresponding to the domicile recorded before the IRS.

A condition of China's admission into the WTO was revision of the corporate tax system under which foreign investment enterprises (FIEs) doing business in China are taxed more favourably than domestic enterprises (DEs). The statutory income tax rate applicable to both FIEs and DEs is 33%, however, government statistics reveal that, after taking tax incentives into account, the average effective income tax burden for FIEs is about 15%, as opposed to 25% for DEs. It was recently announced that the tax reforms – an adoption of a unified tax system, which was supposed to come into effect on January 1 2006 – will be delayed.