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  • Paul Sleurink has resigned from his London tax partnership role with Netherlands-based firm Loyens & Loeff to join Merrill Lynch's corporate finance team as managing partner of the global product development group. His move comes after 15 years with the tax and corporate specialist law firm. Sleurink, who will continue to be based in London, will be handling European corporate and M&A tax matters for the investment bank.
  • The newly elected global CEO of professional services firm Arthur Andersen has announced a series of changes. Joseph Berardino, elected in January, has announced the rebranding of the firm from Arthur Andersen to Andersen and a series of management changes. The rebranding became effective in early March.
  • As part of its income tax reform process, Australia is applying entity taxation to trusts. But the move has been met with mixed feelings. By Michael Taylor-Sands of Baker & McKenzie in Melbourne
  • 4 years+ Highly profitable leading global firm seeks experienced UK qualified tax lawyers to join excellent team with broad practice. Applications from top quality corporate tax advisers working with the large accounting firms will also be considered. London training and top academics required. (£New York Rates) Ref: L1574.F
  • India's Associated Chambers of Commerce and Industry has called on the government to exempt software exports from a new transfer-pricing regime that could harm the international competitiveness of domestic companies by destroying the advantages of special tax concessions.
  • National provisions on reduced VAT rates – Sixth VAT Directive – Concept of liberal profession – Reference for a preliminary ruling – Lack of jurisdiction of Court.
  • Two reforms to Japanese business law will take effect in April, which could lead to an increase in M&A activity.
  • Representatives of Taiwan and the Netherlands have reached an agreement that will free Dutch and Taiwanese companies from double taxation on profits arising from investment between the two countries
  • Vietnam has changed its tax rules for foreign companies operating in the country to attract more investment. Overseas companies will be able to pay taxes in the local currency rather than foreign currency, and companies that reinvest their profits into local projects for three years will be given a partial or full tax reimbursement. The changes are an attempt to address the bureaucratic tax system in Vietnam, which has discouraged foreign investors.
  • UK banks could face a windfall tax on their excess profits if they are found guilty of uncompetitive practices. The UK's Competition Commission suggested the measure in a statement earlier this week. The watchdog, which believes the banks may be operating a complex monopoly to overcharge small businesses for bank services, will make a final ruling in June.