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  • The Spanish APA system was established three years ago, and has achieved some success. Amalia Gracia and Joaquín Velasco of Ernst & Young in Madrid discuss the difficulties faced so far and suggest ideas for improvement
  • Freshfields' New York office has attracted another tax partner from a top US law firm, just months after recruiting Gregory May from Milbank Tweed.
  • The Chinese government’s economic reform programme has forced companies to re-examine their inward investment strategies. Joseph Tse of Deloitte Touche Tohmatsu in Shanghai advises on how multinationals can finance investment in the most tax efficient way
  • Simon takes partnership. Australians tax scouts, Forry makes the great leap, Nock is on the move again, Kuiper on the training run
  • The attractions of a career in industry are increasingly challenged by the big five who are beginning to market themselves as equally benevolent employers. Rosie Murray-West finds out what it takes to get and keep a top tax team
  • Swiss pharmaceutical manufacturer Novartis is the latest company to feel the wrath of the Japanese authorities over transfer pricing. The Japanese government has fined Novartis' Japanese subsidiary, Ciba-Geigy Japan, ¥3.3 billion ($28 million) for underreporting its income by ¥8 billion between 1990 and 1994.
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  • German finance minister Oskar Lafontaine resigned from his post suddenly in March. Bonn officials gave no reason for his resignation, but the announcement followed an embarrassing forced revision of the forecasts for his tax reform plans.
  • The US APA programme is widely imitated and has become the benchmark for other jurisdictions. Steven Harris of KPMG LLP, Washington analyzes the reasons for its success and reviews the changes that could be on the horizon