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  • McDermott, Will & Emery has hired Donald Griswold, the national partner-in-charge of KPMG's US state and local tax technical services practice.
  • The Thai government is considering tax incentives to encourage investors to set up venture capital funds
  • 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.
  • 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 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
  • Germany's Finance Ministry has drafted a bill detailing ways for the country's authorities to combat sales-tax evasion, according to local reports.
  • South Korea is to scrap capital gains tax on investment funds that invest over 30% of their assets in high yield bonds
  • 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