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Rajendra Nayak Ganesh Pai The Authority for Advance Rulings (AAR) in India in the case of M/s Dassault Systems KK (applicant) [2010-TIOL-02-ARA-IT] recently examined the taxability for a foreign company selling copyrighted software in India through an Indian reseller.

Björn Viebrock Tax losses and tax loss carry forwards are generally forfeit on a pro rata basis if more than 25% of the shares of a corporation are transferred to an acquirer or his related party within a term of five years. If more than 50% are transferred, the tax losses and tax loss carry forwards are forfeit in full.

Janne Juusela The so-called credit method used in elimination of double taxation was revised with effect from January 1 2010. Using the credit method, the foreign tax paid for certain income is now reduced from the Finnish tax imposed on the same income. The amendments remove certain problems related to the double taxation of foreign income and the allocation of payment of taxes. Finnish entities now have improved scope to avoid double taxation of foreign income arising when tax is imposed on the same income both abroad and in Finland.

The Internal Revenue Service (IRS) has begun to implement a new litigation strategy to combat companies that abuse the rules on foreign tax credits.

The Mexican tax authority has announced what industries, transactions and tax attributes it will focus their audit efforts on in the next 12 months.

President Obama signed into law on March 18 2010 a jobs Bill to encourage employers to provide jobs to displaced workers through tax incentives.

The OECD has released a list of the 18 countries that will be assessed in 2010 as part of the international fight against cross-border tax evasion.

The Bahamas has been placed onto the OECD white list of countries that have substantially implemented agreed standards for tax information exchange.

Chris Wales, a former adviser on taxation to the chancellor of the exchequer in the UK, has joined FTI Consulting, a global business advisory firm, as a senior managing director in its economic consulting practice in London. He will help to develop the firm's combined economic and public policy division which advises multinational corporations and governments. He will also work closely with FTI's litigation division, principally on tax-related issues.

Joe Hargrove will join the firm's New York office and advise clients on international and financial services tax issues.