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  • The UK employment-securities rules changed substantially in the Finance Act 2003. The haphazard way they were introduced didn’t help taxpayers to try to understand them, believes Darren Oswick of Simmons & Simmons
  • Alf Capito and Leonid Shaflender of Ernst & Young discuss the recent international tax reforms introduced to increase the attractiveness of using Australia for business and investment
  • Reserve Bank figures for 2003 The Reserve Bank's figure for 2003 National Bank's pre-tax profit was NZ$439 million ($293 million) with reported tax NZ$143 million ($95 million), whereas the tax paid was NZ$70 million ($47 million).
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  • The US Internal Revenue Service (IRS) on August 23 2004 appointed Donald Rocen as acting deputy chief counsel for operations. Rocen will direct about 1,000 attorneys serving the IRS operating divisions. He joined the office of chief counsel in May after working in the Washington DC office of PricewaterhouseCoopers since 1989.
  • Vertex, the provider of tax software and management solutions, has hired Chris Walsh, a value-added tax (VAT) specialist, from PricewaterhouseCoopers. Walsh joined Vertex with an extensive background in international indirect tax project management in more than 30 countries. He will be Vertex's new VAT practice leader.
  • Mukesh Butani: Very welcome trend The Indian Central Board of Direct Taxes (CBDT) released a draft circular on August 9 2004 that refines the definitions over the taxation of business process outsourcing (BPO) by multinational companies. The CBDT will revert to transfer-pricing principles to determine which BPO activities are taxable.
  • Alex Sulkowski: More and more constrained Five partners left Ernst & Young in Luxembourg on August 10 2004 to lead a team of 30 in setting up Atoz, a new international tax firm.
  • A Latvian with a reputation for euroscepticism will become the commissioner for taxation and customs union when the new EU Commission takes office on November 1 2004.