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  • Minter Ellison has expanded its Australian tax practice with two senior hires from Ernst & Young
  • Representatives from businesses in Europe have given cautious backing to Commission plans to pursue a common consolidated tax base
  • Recent tax-free bond issues from Sibneft and Gazprom have shown the way for Russian companies structuring international deals
  • Ernst & Young has won approval from Andersen partners to take over the former big five firm’s Indian operations
  • KPMG’s UK partnership has completed its move to limited liability status, becoming known as KPMG LLP from midnight on May 3
  • The OECD’s head of fiscal affairs has warned European policymakers against abandoning transfer pricing principles in their pursuit of corporate tax harmonization
  • The European Commission has outlined its plans for achieving a common consolidated tax base
  • International arbitrators working in Singapore will no longer be subject to withholding tax of 24.5%
  • Nearly two years after the OECD first published its list of 35 uncooperative tax havens, the Paris-based organization has finally issued its revised blacklist and has, for the first time, made clear that any defensive measures could hit uncooperative OECD members and non-members alike. With only seven countries still on the list, the US is claiming credit for much of the project's success, stating that it was only due to their insistence on changing the direction of the project that most countries signed up.
  • Last month he gave businesses a sweetener by announcing tax measures to aid both big and small business. But now, UK chancellor of the Exchequer, Gordon Brown's budget has received a backlash of criticism from corporates angry at once again being forced to fund public spending.