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Denmark will allow companies to postpone their VAT payments for six months, prime minister Anders Fogh Rasmussen announced last week.

European leaders have said they will press for sanctions on tax havens at the G20 summit in London on April 2.

New Zealand's minister of finance Bill English has announced that he will deliver his 2009 budget on May 28.

Dino Farronato has joined PricewaterhouseCoopers' international tax & transaction services team in Melbourne. He worked in Asia between 1998 and 2006, first as a partner in the firm's Jakarta office and then as head of tax for Hutchison Whampoa in Hong Kong. Since 2006, when he returned to Australia, he has been an independent consultant. He specializes in cross-border structuring and financing issues.

Imagine there are 30 adults from all around the world gathered in one room trying to come up with a common way forward on a contentious topic. Each person has his own agenda, a personal interest to protect and wants to get his own way. Now imagine it's your job to draw all these different ideas together and come up with a consensus. That is exactly the gruelling task the OECD has undertaken with its consultation on the transfer pricing aspects of business restructuring.

The Indian government announced on January 29 that it plans to enter into a double tax avoidance treaty with Albania. The treaty will aim to promote economic cooperation between the two countries and stimulate the flow of capital between India and Albania. It will come into force after completion of internal procedures required by the respective laws of both countries.

Michael Shikuma has become a partner of White & Case in Tokyo. He is a certified public accountant and Gaikokuho Jimu Bengoshi (registered foreign lawyer), as well as a member of the Hawaii State Bar. He advises clients on the taxation of cross-border transactions and restructurings, and high-net-worth individuals on personal and international estate planning in the US, Japan and the Asia-Pacific region.

The Senate Finance Committee voted 14 to 9 to approve a $342 billion "American Recovery and Reinvestment Tax Act."

The UK is in need of a 'dramatically simpler' tax system to improve the country's competitiveness and prevent corporate migration, said the opposition chancellor of the exchequer. George Osborne, of the Conservative party, told a conference in London that now is the time to plan for the upturn and realise that a long-term strategy for the UK tax system will be more effective than a series of quick fixes.

Jordi Dominguez, a partner of Garrigues in Madrid, is leaving to join Latham & Watkins as a partner in the same city. He has worked on complex tax planning and structuring matters in cross-border M&A, restructuring transactions and insolvency proceedings, and on the tax aspects of investing in Latin America. His clients include Spanish companies, multinational corporations, private equity firms and large European and global financial institutions.