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The UK's highest court, the House of Lords, has held that the Inland Revenue cannot demand to see documents containing legal advice as part of a tax investigation.

Freshfields Bruckhaus Deringer has lost its head of Dutch tax to a local firm. Charles Langereis joined Spigthoff on July 1 and will lead the firm's tax practice. Before working at Freshfields Bruckhaus Deringer he headed the tax group at Stibbe. He brought over one associate and many of his clients.

On July 12, the IRS released revenue procedure 2002-52, updating the procedures for requests for competent authority assistance. Revenue procedure 2002-52 supersedes revenue procedures 96-13 and 96-14, the prior IRS guidance on this subject.

As a result of the legislation to amend the Japanese commercial code, a new stock option system was approved in November 2001 (effective on April 1 2002).

New regulations from the US Treasury recharacterize non-deductible dividend payments to foreign parents. By Mike Danilack, Diane Renfroe and Lisa Askenazy Felix, Deloitte & Touche, Washington, DC

Tax planners should use the global knowledge contained in an enterprise -- perhaps through the creation of global knowledge holding companies -- to yield significant tax savings. By Marcus Collardin and Alexander Vögele, KPMG, Frankfurt

India's Finance Act 2001 introduced transfer pricing provisions. Tax payers are now gaining their first experiences of how to comply with the new rules. By Samir S Mogul, S I Mogul & Co, Mumbai

According to AFX news agency, the Danish presidency of the EU has confessed that there is only a slim chance of passing the controversial savings tax directive without Swiss backing. The directive was meant to be passed by the end of this year but the Swiss are refusing to give up on banking secrecy, proposing instead a withholding tax on savings interest on non-resident account holders, which has been rejected by the EU members. EU members such as Luxembourg and Austria are refusing to sign-up to the savings tax directive until Switzerland agrees.

With VAT fraud in the EU taking on forms never envisaged by the original legislators, concerted action to tackle the issue is urgently required. By Stephen Dale and Hélène Percie du Sert, Landwell – the correspondent law firm of PricewaterhouseCoopers, Paris, and Christine Sonneleitner, PricewaterhouseCoopers, Vienna