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  • Senior tax specialists from Ernst & Young and Corrs Chambers Westgarth in Australia have set up a boutique firm to join forces with Minter Ellison, in an alliance that will strengthen the firm's financial services practice
  • Lawyers in Taiwan are readying themselves for the birth of securitization in the country, urging clients to press the government for clarification of legislation that could hold up deals
  • The Indian government is to relax its transfer pricing norms at the end of this month, when the country's Revenue Department issues new guidelines
  • Singapore's telecoms regulator is suing the majority government-owned telecoms operator over a $216 million provision for tax that was paid in error
  • New information exchange provisions in the US-UK tax treaty, signed this week, will ensure closer cooperation between tax authorities in the two countries to fight tax evasion
  • Baker & McKenzie is to strengthen its Tokyo team later this year with the hire of Kazuo Taguchi to the US firm's international tax practice.
  • McDermott, Will & Emery has hired Donald Griswold, the national partner-in-charge of KPMG's US state and local tax technical services practice.
  • The closure of Belgium’s first public securitization involving the sale of physical assets is dependent on a tax ruling that will confirm whether the deal can go ahead
  • 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.
  • The Thai government is considering tax incentives to encourage investors to set up venture capital funds