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Keith O'Donnell Samantha Nonnenkamp Luxembourg continues to sign new ex-change of information protocols with its treaty partners, consistent with its status as an OECD white list country and continues to expand its treaty network. The two latest double tax treaties (DTTs)/protocols signed by Luxembourg are with Liechtenstein and Switzerland.

Gary Gowrea The Finance (Miscellaneous Provisions) Act 2009 (FA 2009), the enabling legislation that amends existing legislation to implement the budgetary measures, was announced on July 30 2009. One of the aims of the FA 2009 is to build on a more sophisticated fiscal system in Mauritius. This paper highlights the main changes with respect to the Income Tax Act 1995 as follows:

Transfer pricing (TP) impacts multinationals setting up cross border transactions as it is an international requirement. Taxpayers in Thailand who are up to speed with the TP environment can establish their pricing policies for transactions with related parties as preventive measures. This effectively minimises the risk of TP controversy, double taxation and surcharge.

Thomas Pippos The last 12 months have seen a significant number of tax policy changes being made in New Zealand, and going forward the steady pace of reform looks set to continue.

Suzanne Boers The Dutch state secretary of finance recently published a favourable decree for innovative enterprises that are suffering losses in the economically difficult times. The decree allows for so-called innovation losses under the patent box to be fully set-off against the taxable profits of the preceding year and following nine years.

In terms of the rulings issued by the South African Reserve Bank it is not possible to transfer intellectual property(IP) from South Africa to a non-resident without the prior approval of the South African Reserve Bank.

Sherif El-Kilany Ernst & Young Middle East has appointed Sherif El-Kilany to lead its regional tax practice.

A five-strong tax team has left DLF Avocats in Paris to join Kramer Levin Naftalis & Frankel's office in the same city. Rémi Dhonneur, who will become a partner at his new firm, Philippe Mauduit, who joins as counsel, two associates and one other lawyer have made the move.

Nils Eriksen Norwegian law firm, Grette, has hired Nils Eriksen as partner from PricewaterhouseCoopers.

The ECJ has ruled that the transfer of primary or reinsurance contracts should neither be considered as a VAT-exempted insurance service nor as a VAT-exempted financial or banking service.