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Stephen Hoyle, Helen Maddaford and Andrew Martel have joined Ernst & Young's financial services tax practice in London as partners.

Lewis Steinberg has left UBS to join Linklaters as co-head of the US practice and head of US tax.

Catherine Le Bourgeois has joined the Cragus Group, a firm of tax advisers, in Dubai. She has worked as a tax director for several multinational companies and also in private practice. Her experience covers corporate structuring, joint ventures, cross-border transactions, due diligence and transfer pricing in the financial institutions, real estate, software industry, internet, transport, and logistics sectors.

Stephen Nelson The PRC State Administration of Taxation (SAT) issued a circular on January 23 2009, regarding withholding tax treatment of dividends and interests paid by a resident enterprise to a qualified foreign institutional investor (QFII), Guo Shui Han [2009] number 47.

Nicolas Jacquot In a decision handed down on February 13 2009, the French Supreme Administrative Court ruled that the withholding tax on French-source dividends paid to EU pension funds is incompatible with the EU principle of free movement of capital (Conseil d'Etat, n°298108, Société Stichting Unilever Pensioenfonds Progress et autres).

Phani Tillirou Cyprus is established as an international business and financial centre and has the lowest corporation tax rate in the EU of 10%. A significant number of double tax treaties have been concluded, the usage of which, has greatly prevented double taxation resulting in a reduction of the tax payable. The existence of such treaties combined with the low corporate income tax in Cyprus offer tremendous possibilities for tax planning through Cyprus.

Janne Juusela The Finnish Parliament have approved the government Bill (HE 176/2008) to amend the Business Income Tax Act (360/1968) in accordance with international financial reporting standards and the recent developments in bookkeeping legislation. The amendments entered into force on January 1 2009 with certain transitional provisions.

Sead Dado Salkovic The Cyprus – Qatar double taxation agreement was concluded between May 22 – 27 2007 and subsequently approved by the Council of Ministers on August 27 2008. The agreement was signed by the Cypriot minister of finance on behalf of the government on the November 11 2008, and countersigned by the minister of finance of Qatar upon ratification. Qatar ratified the treaty on January 26 2009.

Marc Tahon On February 19 2009, the EU Commission initiated a so-called infringement procedure against the Belgian notional interest deduction (NID) regime. The NID-regime provides for a deduction for tax purposes of a deemed interest on a company's or a branch's adjusted equity at a rate based on the 10-year Belgian state bonds interest rate. For example, the notional interest rate for the tax year 2010 (financial year 2009) is set at 4.473%.

Any company in England struggling to pay local business tax during the economic downturn can now avail of substantial relief from the UK government