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  • On September 28 2005 Argentine president Néstor Kirchner announced new measures to promote investments in Argentina.
  • The EU Savings Directive, which Luxembourg has recently implemented, aims to allow member states tax the savings income of its residents according to national rules. However, a number of loopholes may prevent this goal, points out Paul Chambers of Atoz
  • An increasing amount of jurisprudence and the tax protocol to the CECA with India have been the features of tax developments in Singapore in 2005, according to Nand Singh Gandhi, Yeoh Lian Chuan and Lim Pek Bur of Allen & Gledhill
  • The French government has torn up provisional disclosure rules, which were similar to those introduced in the US and the UK.
  • India's tax authorities have completed the first year of transfer pricing audits. They need to clarify many issues before the system can be said to be working smoothly, argues Vispi Patel of Deloitte, Haskins & Sells
  • Source: Newscast Abbey headquarters, London An advocate-general of the European Court of Justice (ECJ) has supported the view of Abbey, a UK financial services group, that certain services associated with the management of investment funds should be free from value-added tax (VAT).
  • Taxand, the international network of independent tax firms has increased its membership to 19 countries.
  • British companies are putting £5 million towards a research centre at Oxford University that will study the effects of taxation policies on UK business.
  • Companies should not regard the cash repatriation opportunity offered by section 965 of the American Jobs Creation Act as a tax project only, according to a report prepared by CFO Research Services in collaboration with Deloitte Tax.
  • Leandro Passarella has moved from Negri & Teijeiro in Buenos Aires to Estudio Garrido as head of tax. Although he focuses mainly on inbound and outbound investments, he will be involved in overseeing the full range of the practice's tax mandates. He worked for PricewaterhouseCoopers in New York office before joining Negri & Teijeiro.