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  • By Jeffrey Owens, director, Centre for Tax Policy and Administration, OECD
  • A Brussels court has just ruled that a dividend of Hong Kong origin is entitled to Belgium's 95% participation exemption, according to Kurt De Haen and Magalie Delattre of PricewaterhouseCoopers
  • The number of EU member states increased from 15 to 25 on May 1 this year. In a single move, the opportunities to structure investments for multinational groups in Europe multiplied, according to Götz Wiese and Henrik Lay of Latham & Watkins
  • A test case brought by Debenhams, a UK retailer, could cost Customs & Excise as much as £300 million ($549 million) in lost revenue. The June 29 2004 High Court ruling upheld Debenhams' appeal against an earlier tax tribunal decision that said the company was guilty of avoiding value-added tax (VAT).
  • Caroline Silberztein, head of transfer pricing at the OECD, and Donald Korb, chief counsel of the US Internal Revenue Service, are two of the big names down to speak at International Tax Review's Global Transfer Pricing Forum 2004 in Berlin. The event takes place at the Ritz-Carlton hotel on Wednesday September 29 and Thursday September 30.
  • The Russian Taxes and Levies Ministry is paying closer attention to so-called tax optimization schemes in the country. The Ministry plans to issue about 20 regulations listing typical tax evasion schemes in certain branches of the economy. The Ministry has already issued tax evasion regulations regarding the oil and construction industries.
  • The Brazilian tax authorities have for the past few months issued a number of rulings designed to preserve and/or modify the related tax base. Some recent rulings worth mentioning are the following:
  • Russia has revised the list of taxes applicable in the country. On July 7 2004 the Duma passed in the third and final reading a draft law introducing modifications to Parts I and II of the Tax Code. The law is scheduled to enter into force on January 1 2005.
  • Taxpayers in Israel can avail of an amnesty on foreign trust income and gains up to the end of 2003. But the amnesty's disclosure requirements may put some of them off, according to Alon Kaplan and Lyat Eyal, of Alon Kaplan Law Firm and Leon Harris of Ernst & Young
  • Jürgen Hartmann, one of the most respected tax lawyers in Germany, has left the law firm CMS Hasche Sigle to set up his own practice.