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Carl Levin, a fierce critic of US multinationals' management of their tax affairs while chairman of the Senate's Permanent Subcommittee on Investigations, is joining the Michigan law firm of Honigman Miller Schwartz and Cohn in April as senior counsel.

Luxembourg's compliance with the Foreign Account Tax Compliance Act (FATCA) moved a step closer on March 6 after the government adopted draft legislation to ratify its bilateral intergovernmental agreement with the US.

Who are the leading indirect tax advisers in the world? Nominate now.

During national legislative meetings on Sunday March 8, a draft revision of China’s Legislation Law was submitted, mandating that all taxes be imposed through legislation, which taxpayers say would provide greater consistency and transparency. The existing system allows China’s cabinet, the State Council, to collect taxes based on ‘regulations’ and ‘provisional rules’.

The UK parliament’s Public Accounts Committee (PAC), chaired by Margaret Hodge, has severely castigated two top HSBC executives and one former executive over tax evasion and banking secrecy.

In previous editions of this guide (and in plenty of other fora), Switzerland has been described as a leading example of a country using their national tax system to attract investment.

Bruno Bächli from Wenger & Vieli looks at the proposed measures under Switzerland’s corporate tax reform package, outlining the extent of BEPS alignment and assessing which measures are likely to be tweaked to become BEPS-compliant.

The consultation procedure for Swiss Corporate Tax Reform III (CTR III), the most sweeping Swiss corporate tax reform in more than 50 years, ended January 31 2015. Deloitte’s Rene Zulauf and Diego Weder provide an update what is still to come as part of the reform package, and analyse what changes should be made in light of stakeholder feedback

International pressure means Switzerland must harmonise its tax law to ensure the future attractiveness of the business location. Susanne Schreiber and Maxim Dolder of KPMG Switzerland provide insight on the future Swiss fiscal landscape, focusing on financing activities and the proposed notional interest deduction to maintain competitive conditions for inter-company financing activities.

The North America special feature is available as a downloadable PDF