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  • A bundle of new tax acts that significantly alter the German tax system has passed into legislation. As part of the continuing tax reform, the legislator has changed the taxation of foreign executives of German companies. By Harald Herrmann and Maral Rösner of Clifford Chance Pünder, Frankfurt am Main
  • Russia lacks both the experience and the relevant information to put in place a truly effective transfer pricing regime, but the will is there. By Victor Matchekhin of Linklaters, Moscow
  • Tax planning can be a decisive element in the success or failure of acquisition in Latin America. Certain strategies increase the chances of maximizing a bid. By Nicasio del Castillo, New York; Jorge Gross, Miami; Ramon Mullerat, Spain; and Alberto Lopez and Manuel Solano, Mexico City, of PricewaterhouseCoopers
  • The US senate has demonstrated its faith in e-business and extended a ban on internet taxes (the Internet Tax Freedom Act) until November 2003.
  • At KPMG, we understand the value of having a strong local presence in the countries where our clients do business. With offices in virtually every country in Latin America, KPMG's professional roots are deep and our local tax knowledge is preeminent.
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  • Freshfields Bruckhaus Deringer has poached Renato Paternollo for its Milan office from Chiomenti Studio Legale. The Italian firm formed an alliance with US firm Skadden, Arps, Slate, Meagher & Flom in June this year.
  • Spain is becoming an increasingly attractive jurisdiction for outbound investments. This has been due to tax measures, chiefly tax exemptions on qualifying dividends and capital gains obtained from foreign subsidiaries and on dividends distributed by Spanish holding companies to non-resident shareholders (unless they reside in a tax haven).
  • Cleary Gottlieb Steen & Hamilton in Frankfurt has lost a tax lawyer to the Düsseldorf office of Baker & McKenzie. Dr Jens Heimann is the fourth tax lawyer to leave the office for a rival US firm in recent weeks.