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  • A UN report has suggested reforms to global tax practices, including the creation of an international body to fight tax evasion
  • 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 government of Thailand hopes proposed tax measures will encourage more companies to buy and rebuild ailing businesses.
  • 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 European Commission is calling for greater cooperation and exchange of information between member states to combat VAT fraud in the region
  • Hong Kong could be the target for illegal flight capital from mainland China
  • Davies Ward Phillips & Vineberg has hired Stephen Ruby as a senior tax partner from Canadian rival Fasken Martineau DuMoulin.
  • 1-3 years pqe Opportunity to join the tax team of one of the nicest US firms in London. Rapidly growing practice seeks dynamic, right and outgoing personalities to fit into the team-oriented culture. Full range of benefits and extraordinarily high retention rates. (£New York Rates) Ref: 12735.G Contact: Simone Templeton, Garfield Robbins
  • The UK government has announced plans to cut the length of time the top rate of capital gains tax on the disposal of business assets burdens companies.
  • The Belgian federal government may be left to bear the costs of planned cuts to corporate taxation.