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  • The UK government is planning to abolish capital gains tax for majority shareholdings
  • China's science and technology ministry is developing policies to offer incentives to companies in the biotech industry. Reports have said these policies include financial incentives and tax breaks for investment.
  • The Thai government is considering tax incentives to encourage investors to set up venture capital funds
  • Russia's tax police have returned R 44 billion ($1.52 million) to the country's budget between January and May this year, according to local reports. However, Mikhail Fradkov, the tax police chief, said Russian tax laws are still too liberal, allowing tax evaders to escape responsibility.
  • South Korea is to scrap capital gains tax on investment funds that invest over 30% of their assets in high yield bonds
  • Future pension provision for an ageing population is a key consideration of this millennium. The European Commission is attempting to resolve the issue, but its inevitable failure to align the conflicting interests of EU member states has led it to rely on the ECJ, rather than directives, to force the pace of change. By Travis J Barker, PricewaterhouseCoopers, London
  • 1-3 years Superb opportunity to be part of a real growth area of this US firm. Top 10 firm background and good academics are required, as well as the desire to assist in practice building. An excellent platform for an ambitious tax lawyer. NY rates. (to £100,000 + bonus) Ref LM12731.J Contact: Simone Templeton, Garfield Robbins
  • Tokumei kumiai arrangements continue to be a versatile planning technique for achieving a wide range of business and tax structuring objectives. This article looks at their use in Japan, and at the increase in tax audit scrutiny of TK arrangements. By Dean A Yoost and Todd Landau, PricewaterhouseCoopers, Tokyo and New York
  • 2-5 years pqe Kick start your career in this dynamic London practice. Acting for old and new money on a range of trusts and tax matters you will need strong client skills. London and UK regional applicants are welcome in this unstuffy and highly rated department. (to £75,000) Ref:LM10434.Z Contact: Simone Templeton, Garfield Robbins
  • Determining the profits attributable to a PE is poorly explicated in practice. The OECD has drafted a proposal to clarify matters. By Philip R West, Andersen Office of Federal Tax Services, Washington, DC, and Robert Janukowicz and W Anne Jie, Andersen, New York