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The leaders of the UK’s biggest companies have urged Gordon Brown, the chancellor of the exchequer, to take some “early action” to eliminate so-called “tax nothings” in the corporate tax system

Despacho Albiñana & Suárez De Lezo, a full-service Spanish law firm with a well-respected tax practice, has joined forces with CMS as one of their alliance members. The firm will practice under the CMS banner from January 1 2005. The CMS alliance includes firms in Italy, France, the UK, Netherlands, Switzerland, Germany, Belgium and Austria.

The EU has expressed concerns about some of the provisions in the $137 billion corporate tax bill signed by US President George Bush last month. The bill was intended to do away with a tax cut for exporters that was declared illegal by the World Trade Organization. But although the EU has promised to lift sanctions imposed on the US in response to the bill, it has also raised concerns about measures that give a grace-period of three years where the old tax cuts will still apply to many large US corporations.

No sooner was she in than she was out. Ingrida Udre, the original nominee as the new EU commissioner for taxation and customs union has been dropped from the European Commission president Jose Manuel Barroso’s revised team

Mayer, Brown, Rowe & Maw's Trefor John has joined Lovell's UK tax practice in London. John specializes in the tax aspects of share sales and acquisitions, reorganizations, financing and leasing transactions and international tax planning. He moved to Lovells on November 1 2004 to lead the firm's tax knowledge management team.

The EU and Switzerland on October 26 signed the savings tax agreement they had committed to sign in May. The agreement is scheduled to take effect on July 1 2005, but must still be ratified by the Swiss parliament. The agreement commits Switzerland to a withholding tax on interest payments to EU residents. Swiss tax authorities will then share the withholding tax revenue with the EU member states.

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

Koen van’t Hek, who left Ernst & Young at the beginning of July this year, has returned to the big-four firm

The procedures for withholding tax exemption on Japan source income received by foreign corporations and non-residents in Japan have been changed from the "submitting method (teishutsu)" to "presenting method (teiji)".

The Netherlands has updated its transfer pricing rules. Dave Rutges, Eduard Sporken and Tjebbe Hoogcarspel of KPMG Meijburg & Co discuss what this will mean for corporate taxpayers.