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  • Paseo de la Reforma 265
  • John O'Donnell: Objective to develop assets confiscation practice John O'Donnell, previously a senior manager with PricewaterhouseCoopers tax investigations practice, has joined UK tax consultancy firm, Chiltern.
  • Pim Fris: NERA now in the main markets in Europe Emmanuel Llinares: Transfer pricing experience from Andersen and Fidal NERA Economic Consulting, a global economic analysis firm, has opened a transfer pricing office in Paris. The group in Paris forms part of the firm's global transfer pricing team which has offices in a number of major business centres around the world.
  • The IRS has ruled that section 162(m) of the Internal Revenue Code, on disallowance of deductions for excessive compensation, does not apply to US subsidiaries of publicly held foreign corporations.
  • Under the Spanish Corporate Income Tax Law, Spanish-source dividends received by Spanish resident corporate shareholders who have held, directly or indirectly, at least 5% of the paid-in capital of the company for at least one year, trigger a tax credit amounting to 100% of the tax liability arising from said dividends. In practice, this has the same result as an exemption and fully avoids economic double taxation.
  • Changes to oil tax regime The tax hike for North Sea oil and gas producers, announced in the UK's 2005 pre-Budget report, has been described as "almost beyond comprehension" by the UK Offshore Operators' Association.
  • Sed Crest finds out which firm has the best brand in Latin America and that tax advisers need to think like their clients
  • Transfer pricing has become a key priority in recent years. Decrees are on the way, training for officials has increased and the courts have handed down some important rulings, explain Jobst Wilmanns and Dietmar Kieliszek of PricewaterhouseCoopers
  • By Philip Anderson and Banny Lam, Ernst and Young
  • By Ted Keen, The Ballentine Barbera Group, London and Perry Urken, The Ballentine Barbera Group, Washington, DC