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  • Dutch tax literature pays little attention to insurance tax. One of the reasons could be that, at first sight, the insurance tax is rather uncomplicated. It could, however, be otherwise in cross-border situations.
  • In a shock move, Latvia has announced draft proposals to drop its corporate income tax rate from 25% to 15% by 2004. The proposal, entails reducing the corporate tax rate down to 22% in 2002, 19% in 2003 and 15% in 2004, in a bid to attract foreign investors.
  • Tim Branston, the former head of tax for the gas and power division of Shell has joined Andersen's Energy and Utilities Group in London as a tax partner.
  • The first International Tax Review Transfer Pricing Forum took place in Amsterdam in September. The key message – transfer pricing is more about risk management than tax avoidance. By Georgina Stanley
  • The US-Luxembourg treaty has finally coming into force. The following article explains why multinationals can look forward to a period of stability. By Phil Warner, Ernst & Young’s International Tax Services group, Birmingham, and David Allgaier, Ernst & Young’s US Tax Desk, London
  • Thailand has introduced a new domestic withholding tax regime from July 16 2001 onwards. The key objective of the new law is to expand the scope of withholding tax by subjecting most elements of income to the tax, with the exception of the sale of goods, which is not covered by the new law. This is consistent with the Thailand tax authorities' new tax collection efforts that were introduced earlier this year.
  • The Chinese government is to levy environmental taxes and encourage private and overseas investment in environmental projects, according to a senior official at the State Environmental Protection Administration
  • Colin Masters has left his senior role at Coutts & Co to head a new Ernst & Young team, which will target entrepreneurial business with a variety of tax planning services
  • Investors are to benefit from a more liberalized Latin American energy market after regulators signed a pact guaranteeing equal treatment for both foreign and local companies