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  • 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
  • Globalization and changes in the economy are creating new opportunities for advisers and corporations in North America as long-term planning needs are reassessed. By Georgina Stanley
  • Orrick, Herrington & Sutcliffe is strengthening its structured finance-related tax capabilities in New York, following a senior scalp from Baker & McKenzie
  • The Italian government is to reduce the country's tax burden from 42% to 37% of GDP over the next five years.
  • The Indian government is considering plans to tax e-commerce by companies operating in the country, but which do not have a physical location there, according to a report in The Times of India.
  • Argentine cabinet chief Chrystian Colombo said the executive would ask Congress to extend taxes on credit unions to cover all banking operations that the unions provide.
  • An OECD report on the misuse of corporate structures for illegal activities has called for more robust regimes for disclosing the hidden beneficial owners of companies, trusts and foundations
  • Korea has enacted new laws to encourage much needed investment in the country’s depressed property market and aid the restructuring of struggling companies