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  • President Obama has signed a jobs Bill (HR 1586) that will raise $11 billion in taxes on multinational corporations.
  • Circular 4 left many uncertain which position to take when reorganising enterprises China's State Administration of Taxation (SAT) has issued guidance on the tax treatment of enterprise reorganisations 15 months after the rules were changed. However, the amendments provide more questions than answers.
  • The IRS hopes its new LB&I division will improve compliance Source: www.irs.gov The US government has decided to reorganise its efforts in international tax administration in an effort to improve compliance.
  • A monthly commentary on the notable facts, figures and goings-on in the tax world. Suitable items should be sent to taxrelief@euromoneyplc.com
  • Karen McGrory and Mike Tuhme have become directors of RSM Tenon in the UK.
  • Holly McClellan, a partner of Baker & McKenzie in Chicago, will join the corporate tax group at General Electric as transfer pricing leader, tax counsel, for treasury and capital markets on August 16.
  • Russell Young has joined Baker & McKenzie in Chicago as a partner.
  • Robert Kirschenbaum has moved from Baker & McKenzie to join Miller & Chevalier Chartered in Washington, DC.
  • Paul O'Connor, vice president, taxes for Millipore Corporation in Massachusetts, has been elected president of Tax Executives Institute (TEI).
  • Justin Whitehouse is moving from London to the Middle East to launch Deloitte's indirect tax practice in the region. He will run the team from Deloitte's international tax centre of excellence in Dubai. He was responsible for the London VAT group and real estate VAT services.
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