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  • Canadian firm Stikeman Elliott is working alongside New York's Davis Polk & Wardwell to structure the tax benefits of C-MAC’s $2.7 billion acquisition by Solectron
  • The OECD's crackdown on money laundering has led to Grenada and the Ukraine being added to the Financial Action Task Force on Money Laundering list of non-cooperative countries and territories
  • The Bank of China Group has come out in support of proposals to widen Hong Kong’s tax base
  • As increasing numbers of corporations operate on a pan-European basis, in-house tax departments and their advisers are looking to bodies such as the EU and OECD to make their work simpler. By Georgina Stanley
  • In the 25 years since the current UK-US tax treaty was signed, significant changes have taken place in the world of international taxation. The long-awaited overhaul is now complete, creating short-term uncertainty, but bringing a promise of less than a quarter of a century until the next update. By Chris Harrison and Dave Lewis, Allen & Overy, London
  • China’s government is signaling its emphasis on tax law enforcement in its New Law. Companies may want to make sure their tax affairs are in good order. By Yunfang Wendy Guo, KPMG’s International Chinese Tax Center of Excellence, New York
  • The IRS experiences a significant setback in its efforts to combat so-called corporate tax shelters and alleged abusive transactions, unexpectedly concedes the inclusion of stock options in cost sharing pool in Seagate, and has acquiesced on the UK petroleum revenue tax in Exxon v Commissioner. By Hal Hicks, David Benson and Margaret O’Connor, Washington DC
  • The Indian government has issued a notice on transfer pricing rules, prescribing five methods for determining arm's length pricing in international transactions
  • Russia’s tax police are to help foreign investors by offering credit-risk assessments on prospective local partner companies, in a bid to stop fraudsters in the country from targeting overseas businesses
  • Australia’s life sciences sector is growing, but opportunities could slip away unless funding and legal issues are addressed, according to a new report