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  • Güler Hülya Yilmaz of Deloitte asks: Can a loss compensation fund be treated as a consideration in return for a transaction between related parties?
  • Firat Yalçin of Pekin & Pekin looks at the taxation of foreign funds in Turkey.
  • The growing complexity of worldwide transfer pricing rules continues to expand documentation requirements, transparency initiatives and audits, all of which create challenges for multinational companies, believe Nancy Manzano and Bernadette Pinamont of Vertex.
  • A requirement for the country-by-country reporting of income and taxes is likely to be introduced by the end of 2014. This will severely test how tax departments manage their data, believes William Brennan of Vertex.
  • Giuilia Cipollini has joined Withers, the international law firm, in its Milan office as a senior counsel and head of tax in Italy. The contentious and transactional tax specialist was formerly with tax boutique Studio Legale e Tributario Cordeiro Guerra & Associati and before that, Legance Studio Legale Associato and Gianni Origoni Grippo Cappelli & Partners.
  • PLMJ has hired Miguel Reis as a tax partner in its Oporto office. He has more than 25 years’ experience advising domestic and international clients during stints at firms such as Garrigues, Taxand Portugal; Cuatrecasas, Gonçalves Pereira; Deloitte and Arthur Andersen. He brings the number of partners in the tax team to four.
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