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  • A report from the OECD has said high corporate tax rates reduce productivity and entrepreneurship.
  • KPMG in the US has named Howard Steinberg as the national leader of its tax restructuring and corporate recovery practice.
  • The Czech Republic government has changed thin-capitalisation rules for the second time in a year. Amendments to the rules are part of wider reforms to the Corporate Income Tax Act.
  • Lowering Norway's corporate tax rate has been described as 'not a good move' and 'never going to happen' by one of the country's leading tax advisers.
  • The US's national taxpayer advocate has called for the country's tax code to be "substantially" simplified especially in these economically difficult times.
  • The Japanese government is considering scrapping capital gains tax for foreigners who invest in the country's companies through funds in a bid to attract more foreign investment.
  • Carlo Galli is joining Clifford Chance as a partner to set up the firm's Italy tax practice. He joins from Maisto e Associati, which he joined in 1995.
  • Japan's tax revenues for November 2008 dropped by 7.2% from the year earlier to JPY7.1 billion ($78 million).
  • A former international tax official in the US Treasury has joined Deloitte. Gretchen Sierra, who was an attorney-adviser in the Office of the International Tax Counsel in the Office of Tax Policy, started work in the firm's international tax group in Washington, DC last week.
  • The European Commission has told tax advisers, tax authorities and business representatives that only 13 out of 27 member states are actively cooperating in EUROFISC, a European network for closer operational cooperation between member states in the fight against VAT fraud.
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