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David Cuellar Jose Luis Olvera On December 7 2009, certain regulations to the Federal Tax Code were published in the Mexican Official Gazette.

Paolo Giacometti In 2008 the European Commission opened an infringement procedure against Italy (No 2008/4145), as the Italian income tax regime applicable to EU-based non-harmonised investment funds was considered discriminatory when compared to the more favourable regime applicable to EU-based harmonised funds.

Dieter Endres Germany's Supreme Tax Court prepared us all for the New Year – and for the coming debate on R&D tax incentives – by publishing its judgment of October 21 2009 on the tax treatment of compensation for employee inventions on its last working day of 2009. Under the Employee Inventions Act, an employer may demand the rights to a product developed by an employee in the course of his employment, against lump sum or recurring compensation reflecting its commercial value to the employer.

Janne Juusela According to regulations in the Income Tax Act, capital losses derived from the sale of assets are deductible from capital gains in the year when the loss is incurred and during three following fiscal years. These provisions are applicable to capital losses incurred by individuals and by corporate entities, if the capital loss is incurred in other than the company's business or agricultural activities (for example, in certain rental activities).

Sophie Stylianou Orestis Livadas The economic crisis is a threat to the business world. Many companies are verging on bankruptcy and for those that remain above this level, the need to increase their profitability in order to secure their future success is urgent.

Herman Driessen In case of the sale of a new building simultaneously with the land on which the new building stands, VAT is - under certain conditions - only due on the sale of a new building but not on the land. The sale of land is subject to registration duties (10% or 12.5%). As already announced earlier in our article of May 2008, VAT (21%) will become due on the sale of the land. Indeed, after discussing this matter with the VAT Committee, Belgium has implemented the findings of the European Court of Justice in the Breitsohlcase (ECJ, June 8 2008, C-400/98) into Belgian VAT legislation. This important change is recently announced in the Belgian Official Gazette and the new measure will come into force within 11 months, that is, from January 1 2011. Until December 31 2010 the supply of land will remain VAT exempt.

Ian Farmer As part of the strategic compliance initiative (SCI) announced in the May 2009 Federal Budget, the Australian Taxation Office (ATO) intends to significantly increase its focus on transfer pricing in the large taxpayer market (revenue greater than A$250 million ($232 million)) over the next four years. The ATO formally announced the programme at the National Tax Liaison Group Transfer Pricing Sub Committee meeting on December 1 2009. More than 150 transfer pricing questionnaires have been issued by the ATO over the last few months with the areas of focus being:

The judge's approach to pricing in the GE guarantee fee case in Canada could have implications for discussions about similar issues in the UK, believes Murray Clayson of Freshfields Bruckhaus Deringer

This is a selection of the type of articles you can expect to find in TP Week. Inside is a collection of stories focusing on transfer pricing controversy and litigation.

Tax work at the UN can seem shrouded in mystery. Catherine Snowdon speaks to Michael Lennard about his career and the challenges of being the only tax technical specialist employed by the organisation.