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TNK-BP was hit with a demand on August 11 for $245 million in back taxes from Russia's tax authorities for 2001, according to RIA, a Russian news agency. Though this is much less than the $560 million that the tax authorities originally wanted the oil company to pay, the agency reported that the authorities are continuing to look at TNK-BP's 2002 to 2004 activities and those of its subsidiaries in 2001. TNK-BP has agreed to pay the $245 million by August 18. According to RIA, therefore, the action against the company should be considered "as yet another indication that Vladimir Putin's call to reign in "tax terrorism" is being heeded".

Apple Computer, Dell and Hewlett-Packard are among the IT companies that are facing the prospect of having to refund about C$4 million ($3.35 million) in tax taken from Canadian customers who bought digital music players in a one-year period from December 2003 to December 2004

Tax practitioners who promote schemes encouraging tax evasion could be fined up to A$550, 000 ($424,000), following draft legislation issued on August 10

Alvarez & Marsal has appointed three new managing directors for international tax

Companies in the UK with EU tax claims face more onerous procedures

Michelle Gold has become a partner in the tax department of Fried, Frank, Harris, Shriver and Jacobson in Washington, DC

Christian Luthman has left Linklaters in Stockholm for Bird & Bird

The European Commission put out a tender on August 4 for a study of the economic effects of the value-added tax exemption for financial and insurance services

An auditor of the Russian Audit Chamber has voiced concerns about one of TNK-BP's transfer pricing's schemes

The financial services industry expects the UK to be the most aggressive tax authority in challenging their transfer pricing policies over the next two years