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  • Dechert has appointed a new national partner with tax experience to its financial services and investment management group in Munich.
  • Foster's is facing up to a confrontation with the Australian tax authorities after it announced that it does not accept an official assessment that it owes almost A$66 million ($65 million) in tax and interest arising from a capital loss in the 2004 financial year.
  • Colin Hargreaves will be the new global head of tax for Freshfields Bruckhaus Deringer. Stephan Eilers, the previous holder of the position, was elected executive partner of the firm recently.
  • Honduras is preparing new legislation to combat tax evasion, including a chapter on transfer pricing, as part of its fiscal reform.
  • The Czech government plans to impose a 26% tax on solar energy producers from January to cover the cost of rising energy prices.
  • The Supreme Court in London has refused to hear HM Revenue & Customs's challenge to a Court of Appeal decision that a group of taxpayers had made their application for the payment of compound interest in relation to VAT refunds on time.
  • On November 17 the Bipartisan Policy Centre's Debt Reduction Task Force released its anticipated plan to reduce US debt.
  • The Internal Revenue Service (IRS) has strongly suggested that US financial institutions with operations in El Salvador re-evaluate their tax position there.
  • HM Revenue and Customs in the UK in November released its 2011 – 2015 business plan aiming "to close the tax gap; to make our customers feel that the tax system is simple for them and even-handed; and to be seen as a highly professional and efficient organisation".
  • When Governor Luis Fortuño of Puerto Rico signed a 4% export excise tax on multinationals with operations in Puerto Rico into law on October 25 2010 positive feedback was nowhere to be found.
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