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The Caribbean nations of Saint Kitts and Nevis and Saint Vincent and the Grenadines have signed information exchange agreements this week, making them substantially compliant with OECD standards.

Greg Gunderson has joined the firm as a managing director in the Dallas office.

Swedish law firm Vinge has strengthened its tax group with the addition of a new partner. Odile Fallenius joins from Linklaters and has brought with her three associates from the same firm.

Taxpayers should expect significant changes when the second draft of the release of the India's new direct tax code is released later this month, say leading tax professionals.

The South African government has released a draft Bill for public comment, including changes to the country's participation exemptions on foreign dividends and VAT provisions.

Sean Foley Landon McGrew The US government recently signed an income tax treaty and protocol with Chile (collectively, the "US-Chile Treaty") and an income tax treaty with Hungary (the "US-Hungary Treaty"). Upon ratification, the US-Chile Treaty would be the first income tax treaty between the United States and Chile, and only the third income tax treaty between the United States and a Latin American country (the others being Mexico and Venezuela). The US-Hungary Treaty is intended to update and replace an existing income tax treaty between the two countries that entered into force in 1979. Before entering into force, both treaties must be approved by the US Senate. Once the treaties have been approved by the US Senate, the treaties will enter into force after both countries exchange instruments of ratification (in the case of the US, the president must sign the instruments of ratification).

Edward Tanenbaum Tola Ozim On March 17 2010, the House Ways & Means Committee approved The Small Business and Infrastructure Jobs Tax Act of 2010 (HR 4849), which is effective upon enactment and, among other things, limits tax treaty benefits for multinational firms based in third-party countries. Representative, Sander Levin (democrat-Michigan) sponsored the Bill, which seeks to strengthen the American economy, assist small businesses and create jobs.

Chinapat Visuttipat In Thailand in April, most of the stock exchange-listed companies passed resolutions in their annual general meetings of shareholders to distribute dividends to shareholders.

The Australian government is taking a gamble with tax at the same time as it was criticised for its timid response to a review of the tax system led by the secretary of its own Treasury department.

Kadir Bas Özlem Elver Karaçetin In the last decade, the Turkish Parliament has enacted several regulations to provide incentives for research and development (R&D) activities in Turkey. The three main incentive mechanisms are significant advantages granted to investors planning R&D activities in science, software and technology in special zones known as techno parks; cash subsidies from the Scientific and Technological Research Council of Turkey (TÜBITAK) and corporate tax deductions.