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  • After pressure from businesses, the UK government has said it may scrap a controversial anti-avoidance tax measure relating to overseas subsidiaries
  • Transfer Pricing Associates, the international boutique headquartered the Netherlands, has set up operations in the US, France, Germany, Japan, Switzerland, Australasia and South Africa
  • Multinational companies with operations in India have received some welcome clarification on the country's international tax rules after a Delhi tribunal delivered a decision in a tax case involving three mobile phone operators
  • Freedom of establishment – Cross-border merger – Refusal to register – Compatibility.
  • Mahyra Roy, former head of tax at KPMG in the UAE, has left the big-four firm. Roy, who moved out to the country from the London office, left the firm last week. KPMG has not announced a replacement.
  • The EU's long-awaited Savings Tax Directive and the separate savings tax agreements with five other European countries, designed to combat tax fraud and increase cooperation on tax matters between EU countries, came into effect last Friday, July 1
  • The government of Israel has introduced a bill that slashes corporate taxes and introduces a participation exemption regime
  • UK shareholders face a £77 million ($135 million) tax bill following the restructuring of Shell Transport and Trading and Royal Dutch Petroleum to create a single company, Royal Dutch Shell
  • Ernst & Young has announced a new financial services asset management tax practice in the US
  • Ed McClellan, Republican tax counsel to the US Senate Finance Committee, will join Alston & Bird as a partner in the firm's Washington, DC office on September 6