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  • Russia's lower house of parliament has approved a draft law to cut corporate profit tax by 11%, to reduce the incentive for companies to look for ways to avoid paying tax
  • A UN report has suggested reforms to global tax practices, including the creation of an international body to fight tax evasion
  • 3-5 years pqe Big money and fantastic opportunities for a tax lawyer from large London firm! Large west coast US firm seeks bright, ambitious lawyer to work on varied corporate tax work with UK and US partners. Good lifestyle choice. (to £120,000) Ref: 12920.B Contact: Simone Templeton, Garfield Robbins
  • The Philippine Securities and Exchange Commission (SEC) is urging the Bankers Association of the Philippines (BAP) and the Investment Houses Association of the Philippines (IHAP) to set up an electronic debt market for trading securities.
  • The World Trade Organization has upheld an EU complaint worth $4 billion against tax breaks the US grants its exporters, just seven months after the US reformed its Foreign Sales Corporations regime
  • The UK government will pressure Belize's authorities to end business tax breaks that interfere with the country's poverty reduction efforts, according to a report in the Financial Times.
  • Reference for a preliminary ruling from the Tribunal de Première Instance, Charleroi – Application of Article 11A of the Sixth Council Directive 77/388/EEC on harmonisation of member state laws on turnover taxes – Common system of value added tax (VAT): uniform basis of assessment – Subsidies covering part of a person's running costs and affecting the final cost price of its goods and services, but without direct link to the transaction price – Taxable amount.
  • The government of Thailand hopes proposed tax measures will encourage more companies to buy and rebuild ailing businesses.
  • Hong Kong could be the target for illegal flight capital from mainland China