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  • As reported by Thomas Borstell and Ludger Wellens in the April 2000 issue of International Tax Review, Germany's tax authorities are developing new administrative regulations governing procedural aspects of income allocation between internationally associated enterprises.
  • On September 20 2000, the French Ministry of Finance released the draft Finance Bill for 2001. Both chambers of the French parliament will discuss and possibly amend the Bill during the autumn session, from mid-October to mid-December. The proposed measures encompass corporate income tax, personal income tax, social taxes, wealth tax, and miscellaneous other tax changes.
  • The last two years have witnessed a number of changes to Argentina's legislation covering the tax treatment of interest payments made by Argentine companies to foreign beneficiaries. In addition, new tax treaties have been entered into between Argentina and other countries, which may limit the withholding tax rate imposed at source. The tax treatment now in force is outlined below.
  • The US Senate is set to vote into law revisions to the extraterritorial tax regime to meet the US WTO obligations. David Joranko, Nancy Glover and David Benson of Ernst & Young International Tax Services, Cleveland, Chicago and Washington report
  • Amid much controversy, the UK has chosen to adopt a restrictive form of onshore pooling as its new double tax relief system. Andrew Shilling and Neil Coles of Deloitte & Touche International Tax Services, London, report
  • In the second of two articles, Marnin Michaels, David Balaban, Peter Connors, Philip Marcovici and Thomas O’Donnell of Baker & McKenzie relate their experiences to date of analyzing the New Regulations and implementing the terms of the QI Agreement for clients
  • Japan’s economic recovery has started but corporate tax reform could give it a much-needed boost. Dean Yoost and Al Zencak of PricewaterhouseCoopers, Tokyo set out the implications of the proposals now being discussed
  • Singapore’s tax authorities have issued guidelines on the income tax, and goods and services tax issues relating to e-commerce. Ajit Prabhu and Chua Eng Khong, Deloitte & Touche, Singapore, report on this new clarification of IRAS thinking
  • Benjamin Cayetano, Governor of Hawaii, has signed the Technology Omnibus Act that expands on existing incentives and creates new ones to encourage the growth of hi-tech industries on the island.
  • The Antiguan government has given in to protests from local businesses and withdrawn the Income Tax Amendment Act 2000, and the 25% businesses tax.