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  • The US Treasury Department has announced a new US income tax treaty with Luxembourg.
  • Mexican finance minister, Francisco Gil Diaz, has announced the 2001 Budget. It was approved by congress at the end of December. The Budget paves the way for March talks about broad fiscal reform.
  • PricewaterhouseCoopers has confirmed that just under 10% of its UK partners will be leaving the firm this year. According to UK senior partner Kieran Poynter, the successful integration of the merged firms meant that there was a surplus of partners in certain areas of the practice.
  • Robert Jason, former head of the tax department at Troop Steuber Pasich Reddick & Tobey, has set up a tax practice with Kirkland & Ellis' Los Angeles office. According to Jason, the decision to move was in no way related to Troop Steuber's January merger with Akin Gump Strauss Hauer & Feld.
  • Members of the OECD's Committee on Fiscal Affairs have reached a consensus on how to apply the definition of permanent establishment to the taxation of electronic commerce. The consensus means that online businesses can no longer afford to ignore the tax consequences of where they locate their equipment, according to Mike Perkins of PricewaterhouseCoopers in London.
  • White & Case is strengthening its UK tax team, looking to build a fuller service UK capability to win more mandates on increasingly innovative European financing deals
  • French tax authorities comments on the tax regime applicable on the sale of French real estate and assimilated elements by non-French residents
  • If Hong Kong is to develop into an attractive location for e-business, concrete measures need to be put in place. Mark Norris, Guy Ellis and Colin Farrell of PricewaterhouseCoopers, Hong Kong review the efforts to date
  • Tighter documentation requirements are the essence of Germany's new draft transfer pricing regulations. There are major risks, but also double rewards for taxpayers who respond in timely fashion. By Alexander Vögele and William Bader for KPMG, Frankfurt
  • Cypriot finance minister, Takis Klerides, has presented plans for tax reform to the House Finance Committee.