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  • Ireland is continuing its efforts to be an attractive location for mobile international investors. New changes expected to be introduced the forthcoming Finance Act 2002 should continue this tradition. By Gary O’Mahony, Ernst & Young, Dublin
  • Australia’s tax authority is considering whether schemes that transfer tax credits associated with fully- or partly-franked shares from one investor to another could amount to tax avoidance
  • Andersen and Andersen Legal have scooped six members of BBLP's Moscow practice, three months after the BBLP practice announced its merger with KLegal, KPMG's legal arm.
  • Guernsey, Jersey and the Isle of Man have announced they will tighten their anti-money laundering regimes to bring them further into line with international best practices
  • The Singapore government last week signed double tax treaties with Kuwait and Romania
  • Antigua and Barbuda has committed to making its tax regime more transparent and improving information exchanges with OECD member states, narrowly beating the end-of-February deadline
  • International accounting and business services network HLB International has added two new members to its network
  • The US is disappointed with a directive passed by the EU’s ECOFIN committee that will force US retailers selling digital products such as software and music to EU customers to levy VAT on the sales. Previously non-EU vendors have been exempt from charging the tax, which varies from 15% in Luxembourg to 25% in Denmark
  • The European Commission’s enterprise policy group has concluded that conditions for innovative and entrepreneurial enterprises need to be improved if the EU is to reach its goal of creating the most competitive knowledge-based economy in the world in the next 10 years
  • Lawmakers in the US have introduced a bill to the Senate that would force companies to record stock options on financial statements or lose a tax break