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  • The European Union Council has issued new regulations related to financial aid, technical assistance and economic cooperation with developing countries in Latin America and Asia. In this regard, a decree was published in the February 28 2003 Mexican official gazette enacting the Model Convention between Mexico and the European Union that is in effect retroactively as from January 17 2003.
  • India's latest Budget has many lures to attract investment into the country. Samir S Mogul, S I Mogul & Co, Mumbai, navigates the new tax landscape for multinationals
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  • Harmonization of conflicting transfer pricing documentation rules has been a topic of much analysis and commentary in recent years. Multinational enterprises have expressed strong interest in reducing the burden imposed on them by the current welter of inconsistent standards.
  • Hong Kong faces a fiscal deficit of HK$70 billion ($8 billion) for the year 2002/03 exceeding the original estimated deficit by HK$24.8 billion. In order to eliminate the deficit, the government is prepared to cut the public expenditure to 20% of gross domestic product, increase tax rates and introduce new taxes.
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