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  • The Azeri minister for economic development has indicated that more tax reforms are on the government’s agenda. These will build on the country’s overhaul of its tax system in January, and are aimed at luring foreign investment to struggling non-oil industries
  • McKee Nelson, Ernst & Young plans to open a New York office in the next two months, but the firm will change its name to comply with the rules of the New York Bar
  • The Netherlands Supreme Court has recently announced decisions on the participation exemption and fiscal unity regime. Multinationals take note. By Corina van Lindonk and Mark van der Linden, Deloitte & Touche, Rotterdam and Chicago
  • A team of 12 capital markets, structured finance and M&A lawyers — including five partners — has left Sidley Austin Brown & Wood to join McKee Nelson, Ernst & Young in Washington DC
  • Credit Suisse First Boston has devised a new tax-efficient structure for Swiss food company Nestlé's $620 million bond issue.
  • Belgium's finance minister has called for direct EU taxes to fund the Union's budget expenses, and has said the issue will be on the agenda at a summit of EU leaders in December
  • The UK government has come under increasing pressure to impose a windfall tax on oil companies, following record profit announcements by BP and Shell
  • US congressmen Richard Neal and Nancy Johnson have proposed new legislation to close a loophole used by some insurance companies to avoid federal tax.
  • Significant exemptions from withholding tax were offered to Singapore’s software importers in the recent budget speech. While some legal issues remain unresolved, increased certainty should boost this area. By Kenny Foo, Baker & McKenzie, Singapore
  • Partnership Expanding US practice is looking for a senior assistant/partner with M&A and general commercial experience to head it's tax group. The partnership is expanding it's tax capability and as the work is mostly farmed out, a following is not a pre-requisite. (from £160,000) Ref: L1088.N Contact: Emma Adams, Garfield Robbins