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Bruce Meyer has been named partner with Ernst and Young’s National Tax Department’s International Tax Services practice in San Francisco . Meyer returns to E&Y from 18 years at KPMG.

Maria Damianou The House of Representatives, on January 10 2011, introduced a new legislation according to which a reduced VAT rate of 5% will apply on foodstuffs, pharmaceutical products and vaccines for medical and veterinary purposes. They were previously rated at 0%. The ministry of finance justified these measures as being obligation of the Cyprus government to comply with the EU objectives.

Eric Roose, a leading international tax transactions lawyer in Japan, has joined Morrison & Foerster as a partner. He will be based in the firm’s Tokyo office.

J ose Miguel Barragan joined the tax practice of Jones Day in Mexico City on February 1 2011.

Maricla Pennesi and Carlotta Benigni discuss a Supreme Court decision that may change the way tax authorities scrutinise and ultimately challenge transactions that confer tax advantages.

Clayton Utz has strengthened its tax team with the appointment of Kulwant Singh-Pangly as special counsel.

Sandra Benedetto B Sharoni Rosenberg A Ruling no. 2438, issued by the Chilean Internal Revenue Service (Chilean IRS) on December 28 2010, refers to an issue that has been uncertain for Chilean taxpayers for a long time. The discussion centres on whether a branch can or cannot provide services to its head office and vice versa.

Ireland has become the latest country to introduce a levy on its financial institutions.

Simeon Grigorov At the end of 2010, important amendments were introduced to the country's VAT tax system. The new provisions will have an impact on foreign investors, on companies operating in Bulgaria, as well as on non-residents visiting the country.

Nélio Weiss Philippe Jeffrey Federal Decree no. 7,412, published on December 31 2010, introduced new changes to the rates of the Brazilian Tax on Financial Transactions (IOF), effective as of January 1 2011.