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  • The Internal Revenue Service (IRS) has responded to requests from taxpayers and extended the time that guidance relating to certain stock distributions by publicly traded real estate investment trusts (REITs) and regulated investment companies (RICs) applies.
  • John Woodruff has joined Gardere Wynne Sewell as a partner in the tax practice group in the Houston office.
  • A Swiss court has ruled that the Swiss Financial Market Supervisory Authority (Finma) exceeded its authority when it demanded that UBS AG disclose information regarding the bank's clients that were US taxpayers to US authorities.
  • Effective as of January 1 2010, Salim Rahim, Erik Christenson, Todd Schroeder and Michael Snider were made partners in various US offices of Baker & McKenzie.
  • India's corporate tax collections rose by 44% in December, the country's ministry of finance has revealed.
  • The Taiwanese government last week introduced tax incentives for companies engaged in cultural and creative industries.
  • The Philippines government wants to exempt one organisation from corporation tax on the grounds that it is government owned.
  • Sweden's tax office, Skatteverket, is tackling some 400 cases of tax evasion by entrepreneurs who have been making use of holding companies in Cyprus.
  • Lobbyists for the health insurance industry are battling for delays or reductions to certain taxes proposed in the healthcare reform bills proposed by the US Congress.
  • French president Nicolas Sarkozy has announced his government's intention to introduce a tax that will affect some of the biggest internet companies by taxing internet advertising.
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