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Richard Hartnig has joined Sutherland Asbill & Brennan as of counsel in the tax practice group, based in the Atlanta office. Hartnig has just retired from PricewaterhouseCoopers. He will advise clients about international tax matters, including the tax aspects of cross-border M&A, divestitures, reorganisations, financings, cash repatriations and intercompany transactions. Hartnig has advised Fortune 1000 and major inbound companies for more than 30 years. He formerly worked in the Office of Chief Counsel of the Internal Revenue Service.

Salim Rahim, Erik Christenson, Todd Schroeder and Michael Snider have become partners of Baker & McKenzie in the US. Rahim works in the Washington, DC office, Christenson is based in the San Francisco/Palo Alto office while Schroeder and Snider are in the Dallas and Houston offices respectively.

Richard Sherman Mark Young Richard Sherman has become a managing director with Alvarez & Marsal Taxand in Chicago. He is a member of the transaction tax practice and advises strategic clients the tax aspects of M&A, cross-border investments, repatriations, tax modelling and bankruptcy tax planning, tax due diligence, tax structuring, financial modelling, tax efficient financing structures, foreign tax credit planning, local country tax planning and transfer pricing.

Sean Foley Landon McGrew The IRS was recently handed an important defeat in Veritas Software Corp. v. Commissioner, 133 TC No. 14 (2009), one of the largest tax disputes in US history.

Edward Tanenbaum The IRS has implemented a four-phase strategy for increasing withholding of income taxes on payments to foreign persons, in response to concern about the preliminary results of a study revealing that a large percentage of entities fail to withhold.

Vladimir Kotenko On the eve of 2010, there was as yet no working draft of the Budget Law in Parliament. This generates questions about applying those laws that have been suspended during the budget process (when temporary tax rules are in effect). It was unclear, for example, whether the law on royalties for oil, gas and gas condensate would be effective on January 1 2010.

Álvaro de la Cueva As has become customary in recent years, the last part of the year has been very productive when it comes to tax news in Spain. Ordinarily, tax measures are included in the budget law, although in certain years, there have also been tax reforms under way.

Neda Pantic Phani Tillirou A new treaty on income and capital gains, signed on May 15 2009, replaces the old treaty, that applied to Serbia, in force between Denmark and the Former Yugoslavia. The new treaty came into full effect as of January 1 2010, removing every possibility for it to be terminated for at least five years from this date.

Suzanne Boers On December 5 2009, as a follow-up to the consultation document with possible amendments to the Dutch Corporate Income Tax Act, the state secretary of finance published a letter with the state of affairs regarding the allocation of the corporate tax burden and the issue of taxation of interest.

For accounting purposes, impairment loss is recognised when the recoverable amount of an asset is less than its carrying amount, in accordance with Philippine Accounting Standard (PAS) 36.