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  • 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.
  • The European Commission has launched an inquiry into unfair tax practices by member states that offer special concessions to foreign companies. The regulator suspects the tax breaks amount to state subsidies forbidden by EU law
  • Tax penalties in the UK are to be considered as criminal charges for the purposes of human rights laws, following a recent verdict in the UK Court of Appeal
  • Transfer pricing specialist James Mogle has left PricewaterhouseCoopers to join Mayer, Brown & Platt in Washington DC.
  • Guatemala's Congress has met to discuss the approval of a tax bill, submitted by president Alfonso Portillo in mid-June, which calls for a 20% increase in value added tax (VAT).
  • 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
  • Japan's finance minister has said he wants to revise the country's securities tax code before the end of the year, after recent economic downturns have affected market activity, according to BridgeNews.