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  • Last minute changes have been made to Germany's landmark summer 2000 Tax Reduction Act
  • Recent developments in Ireland's tax regime, including changes announced in the Budget, show a determination to continue courting foreign investment. Gary O'Mahony of Ernst & Young, Dublin investigates the latest initiatives
  • Cypriot finance minister, Takis Klerides, has presented plans for tax reform to the House Finance Committee.
  • Kronish Lieb Weiner & Hellman in New York has elected Phillip Gall as a partner in the tax group. Gall specializes in partnership and corporate income tax matters as well as joint ventures, international tax matters and tax litigation.
  • Payments that are not otherwise chargeable to profits tax that have been received for the "use of" or "right to use" a patent, design, trademark, copyright, etc in Hong Kong are deemed to be taxable income. The tax commissioner considered that where a Hong Kong business could be said to have incurred royalty expenses in producing its Hong Kong sourced profits, the intellectual property concerned must have been used in Hong Kong.
  • David Benson, Hal Hicks and Margaret O'Connor of Ernst & Young LLP in Washington, D.C. provide a round-up of recent US legislative developments, IRS new treaty moves and court cases. Disagreements with the EU and the meaning of "liable to tax" make the news
  • The OECD, the Commonwealth, and representatives of Caribbean and Pacific countries have agreed to create a task force to discuss reform in offshore centres.
  • Big five accounting firm Deloitte & Touche has boosted its Transfer Pricing and Competent Authority team in Canada by hiring three prominent government specialists.
  • On December 13 2000, the Ruling Party in Japan released its Proposed Changes in Tax Laws (the Proposal) for the governmental fiscal year 2001. The following is a brief summary of the proposal.
  • 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