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  • The Royal Dutch/Shell group's share-swap merger of its twin holding companies has required the Dutch tax authorities to approve a unique dividend access mechanism so that shareholders in the UK and in the Netherlands retain their present entitlements.
  • From January 1 2005 large companies with operations in Brazil will have to meet monthly instead of quarterly deadlines for filing their federal tax and contributions return. Brazil's Federal Revenue Department, announced on December 2 2004 that companies with annual gross revenues more than BRL80 million ($29 million) will be affected by the changes.
  • Banks with operations in New Zealand face higher tax burdens after the government introduced a bill in November to radically tighten the country's thin-capitalization rules for the banking industry, which has been accused of paying too little tax.
  • Michael Durst: Wants a strong global network Michael Durst, formerly of the US law firm King & Spalding, has rejoined PricewaterhouseCoopers' transfer-pricing practice. In his new position, Durst is advising clients in tax dispute resolution, international tax planning and controversy defence.
  • The Frankfurt tax practice of German law firm Haarmann Hemmelrath will be strengthened in January 2005 with the arrival of Joachim Krämer and Roderic Pagel, two international tax partners.
  • On October 19 2004 the Swiss Federal Tax Administration published a draft of the guidelines of the agreement between the European Union and Switzerland regarding taxation of savings income in the form of interest payments (commonly known as the Savings Directive).
  • Foreign multinationals should examine the recent corporate tax reform carefully for any impact on their US investments, warn PwC advisers in New York and Washington, DC
  • The Greek government plans to introduce a wide-ranging corporate tax bill that will cut the rate of corporate tax from 35% to 25% by 2007 despite concerns over the country's fiscal deficit. From January 1 2005 there will be tax cuts from 35% to 32% in 2005, falling to 29% in 2006 and 25% in 2007.
  • Grant Thornton, an international tax and accounting firm, promoted Jeffrey Olin to national partner-in-charge of international tax services on December 6 2004. Olin specializes in cross-border tax planning.