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Sean Foley On February 10 2009, the Treasury department and IRS released temporary regulations (T.D. 9444) modifying the section 367 regulations by applying sections 367(a) and (b) to certain international section 304(a)(1) transactions, commonly referred to as cross-chain stock sales. The temporary regulations apply to transfers or distributions occurring on or after February 11 2009.

Thomas Pippos Since writing about a number of tax measures the government was taking to improve cash flows for businesses in the current economic climate, the prime minister also hosted an employment summit at the end of February attended by business leaders from around the country.

Tiago Cassiano Neves Law 10/2008 of March 10 extends the tax regime applicable to Portuguese incorporated holding companies (SGPS) to EU-incorporated entities that move their seat or place of effective management into Portugal.

A return to private practice was always an option for Darren Mellor-Clark who has quit UBS to join KPMG.

Levente Torma and Balázs Kántor Hungarian law firm Horváth & Partners DLA Piper has hired two new tax lawyers.

David Spiro Canadian business and litigation law firm Fraser Milner Casgrain has appointed David Spiro to the firm's national tax litigation group as counsel. He will be based in the firm's Toronto office.

Mark Schofield Mark Schofield has taken on the role of leader of PricewaterhouseCoopers' global sustainability and climate change tax network. He has been a partner in the London office of the firm since 2000.

President Obama has revealed what he meant by "international enforcement, reform deferral and other tax reform policies" in his budget request issued at the end of February

Debate around the taxation of foreign profits in the UK will continue after the government announced it wanted more time to consider some areas of the new legislation.

Luxembourg's Parliament will finally make its double tax treaty with the United Arab Emirates legal this week after a wait of almost four years.