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  • HM Revenue & Customs (HMRC), the UK tax authority, said that the country's tax avoidance measures, first announced in the Budget of March 2004, are working
  • Ballentine Barbera Group (BBG), the US-based transfer pricing boutique, is expanding into Europe with the hire of Ted Keen, KPMG's partner in charge of transfer pricing economics for Europe, the Middle East and Africa
  • Gordon Brown, the UK Chancellor of the Exchequer, has assured business leaders that his government shares their objective of making the UK's tax regime internationally competitive
  • NERA Economic Consulting, an international firm offering transfer pricing services, has hired Stuart Harshbarger in its Chicago office. Harshbarger, formerly at PricewaterhouseCoopers, specializes in advice on transfer pricing, intangible assets and management fee studies for multinational companies.
  • Los Angeles-based international investment bank, Houlihan Lokey Howard & Zukin, released its transfer pricing growth strategy today, after aggressively hiring transfer pricing professionals from the big-four professional services firms, particularly Ernst & Young
  • Edmund Cohen, former head of Coudert Brothers' global tax practice, has left the firm for Winston & Strawn (W&S)
  • The US Internal Revenue Service (IRS) has hired Janice Lambert as its new chief financial officer (CFO). Lambert moved to the IRS to become deputy CFO in June 2004 from the Department of the Treasury. In her new role she will oversee an organization responsible for the custodial accounting of $2 trillion in taxpayer receipts and the IRS' $10 billion annual operating budget.
  • A former tax director of PricewaterhouseCoopers in Dubai is to head the UAE office of the ILS Group, a provider of tax-efficient international corporate services
  • Kenneth Simon, former vice president of taxes at Avon Products, has moved to a similar position at Herbalife, a global network marketing company that sells nutritional supplement and personal care products
  • The US state of Mississippi has settled a tax case with MCI, formerly WorldCom, costing the company over $125 million