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  • Indian law firm Lexindia has launched a tax group in New Delhi attracting key big-four personnel and a corporate tax director. The firm, which also has offices in London, New York and Paris, has hired the former senior partner of PricewaterhouseCoopers India, Amal Ganguli and corporate tax director Vinod Sablok.
  • UK law firm Mishcon de Reya has boosted its tax practice with the hire of private client partner Andrew Goldstone. Goldstone, who joins from Freeman Business Information, focuses on capital tax planning, employee share schemes and UK and offshore trusts. He will be developing the firm's tax group and cited this as a reason for joining the firm saying: "The chance to develop the tax capability will provide me with the stimulating challenge and opportunity I've been seeking."
  • NautaDutilh has expanded its Luxembourg tax group. The Benelux firm hired Frédéric Feyten from Loyens & Loeff. Feyton was a senior associate at Loyens & Loeff. The firm is expecting to hire a number of junior tax specialists for its Luxembourg office.
  • On May 20 Mahathir Mohamad, the prime minister of Malaysia, announced an economic aid package that includes wide-ranging tax cuts. There will be a temporary reduction in the rate of employee pension fund contributions, income tax exemptions for companies with operational headquarters in Malaysia and tax breaks for companies involved in the travel and tourism industry.
  • The US Public Company Oversight Board, created by last year's Sarbanes-Oxley Act has named a KPMG partner as deputy chief auditor. Thomas Ray will work with the board as it oversees the accounting industry. Before joining KPMG Ray worked at the American Institute of Certified Public Accountants.
  • The EU has said it intends to create a public oversight system similar to the US’s to prevent Enron-type scandals, threatening to heighten the argument between the two over where an audit firm should register
  • Matt Egger has joined Wiley Rein & Fielding's Washington business and finance practice. Egger joined the firm from the Washington tax practice of Dewey Ballantine. He specializes in corporate mergers, acquisitions and restructurings.
  • Indian law firm Lexindia has launched a tax group in New Delhi attracting key big-four personnel and a corporate tax director
  • Leading Australian tax boutique Shaddick & Spence has hired a former partner of law firm Allens Arthur Robinson
  • Companies operating in Europe might be able to offset overseas losses against other tax liabilities in the Europe Union if UK retailer Marks & Spencer (M&S) is successful in its appeal to the European Court of Justice (ECJ)