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  • The Korean Ministry of Finance and Economy is changing its tax laws to boost foreign investment in the country
  • JP Morgan Private Bank has hired a new head for its Asian wealth advisory practice from PricewaterhouseCoopers
  • The Paris Administrative Lower Court held in a recent decision (June 26 2001, Société Janfin), that tax credits (avoirs fiscaux) attached to French dividends could not be used to pay French corporate income tax when a company purchased shares only to use the tax credits attached to dividends, and resold these shares to their original owner immediately after receiving the dividends and tax credits.
  • Investors in Japan have a variety of new rules at their disposal for setting up share-for-share exchanges and corporate restructuring. Take full advantage, urge Todd M Landau and Shinji Ishiguro of PricewaterhouseCoopers, New York and Tokyo
  • A US tax bill aiming to improve international competitiveness and simplify the complicated US tax system could hit foreign investment into the country. The bill, proposed by the chair of the ways and means committee, suggests a comprehensive tax overhaul.
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  • KPMG LLP is the accounting and tax firm that understands business, particularly the distinctive needs of market leaders. The firm offers clients a powerful combination of people, products, technologies and results-oriented strategies to help them meet their challenges and improve performance. The fastest growing Big Five firm, KPMG is uniquely positioned to help clients strengthen their position in changing marketplaces. KPMG LLP (www.us.kpmg.com) is the U.S. member firm of KPMG International. KPMG International's member firms have 103,000 professionals, including 6,500 partners, in 152 countries.
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  • Christian Stewart JP Morgan Private Bank has hired a Pricewaterhouse-Coopers tax partner to head its Asian wealth advisory practice. Christian Stewart, who was named one of the leading tax advisers in Hong Kong and Mainland China in a survey by International Tax Review, joined the firm on July 3 and is based in Hong Kong.