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  • Authorities in Argentina are to try and boost trade activity by increasing the size of tax refunds to exporters.
  • The Chinese government is to offer tax advantages to overseas investors in the western region of the country as part of a package of preferential policies aimed at boosting foreign interest in the less developed parts of the mainland
  • The Dutch government has said it will reduce corporation tax by 0.5% in next year's budget, pledging further reductions in future years
  • Latham & Watkins has continued its rapid expansion into Germany with the appointment of a Haarmann Hemmelrath partner to spearhead the development of a tax practice at the US firm
  • Ernst & Young is relocating its first foreign transfer-pricing specialist to the firm’s Tokyo office
  • The authorities in Hong Kong have announced that shipowners in Hong Kong and the UK will only need to pay tax on income derived from one of the two jurisdictions.
  • 2-4 years pqe Join one of the leading private client teams in London, which enjoys an outstanding reputation for quality, breadth of coverage and client service, advising on tax, trust and estate planning advice for UK and foreign clients. You will need a highly commercial approach. (to £75,000) Ref:LM14433.J Contact: Simone Templeton, Garfield Robbins
  • Sixth VAT Directive – Price reduction coupons issued by a manufacturer – Taxable amount with regard to retailers.
  • Sixth VAT Directive – Judgment in Elida Gibbs – Basis of assessment for value added tax (VAT) where, as part of a promotional scheme, the original supplier of an item compensates a subsequent retailer for a price reduction granted by that retailer to his customer – One or more other traders present in the chain between supplier and retailer – Failure to provide for the taxable amount to be adjusted in respect of the first supplier in those circumstances.
  • Failure to fulfil Treaty obligations – Article 2 of the Sixth Council Directive (77/388/EEC) on harmonisation relating to turnover taxes – Common system of value added tax (VAT): uniform basis of assessment – National provisions providing for an exemption for the sale of works of art by the artist himself or by an intermediary and for the importation of works of art purchased directly from the artist.