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7th Floor, Wisma Hamzah Kwong-Hing

Singapore's finance minister Lee Hsien Loong has revealed the details of the ?not ordinarily resident? (NOR) tax break scheme for expatriates living and working in the island republic. The new rules will mean that certain expatriates can pay income tax only on employment income attributable to the number of days spent in Singapore per calendar year, and remit pre-assignment income free from tax for a period of five years of assessment. NOR taxpayers must spend more than 90 days away from Singapore on business and pay at least a minimum of 10% on total employment income.

KIM & CHANG

Level 60, Governor Phillip Tower

PKF is an international association of specialist tax, accounting and business consulting firms, advising clients in diverse industry sectors, through a network of member firms in 160 countries. The PKF Australian Tax Practices have highly trained tax consulting teams with expertise in all areas of corporate and personal taxation with particular specialist skills in corporate restructures, tax audit management, international tax, expatriate taxes, Captial Gains Tax, Goods and Services Tax and research and development concessions.

13th Floor, Gloucester Tower

The EU has submitted two lists to the World Trade Organization (WTO) containing details of the US products that it intends to target with import taxes if the dispute over president Bush's 30% steel import tariffs is not resolved. The first list contains items likely to be hit by 100% additional duties from June 18 and contains: dried vegetables; some fruits and fruit juices; rice; a range of men's and women's garments; iron and steel products; printing machinery; spectacles and goggles; and ?articles for funfair, table or parlour games? such as billiards tables and bowling alley equipment.

The US is preparing to overhaul its tax regime to limit the number of companies that pay less tax by shifting their operations abroad or merging with overseas companies

Baker & McKenzie has hired eight tax associates from Arthur Andersen and Freshfields Bruckhaus Deringer in the Netherlands

Ernst & Young last week poached more than 200 Andersen staff across the US, as the troubles of the former Enron auditor continued