Netherlands Relaxes Transparency Rules for Dutch CVs, Common Investment Funds................... 1
Australia: Election Year Budget Low on Pro-Business Measures................................................. 4
Canada: MOF Announces Changes to Proposed Interest Deductibility Measures........................... 5
China: Scope of VAT Credit Extended to Central Region........................................................... 6
Denmark: Corporate Tax Reform Bill Enacted......................................................................... 8
Germany: Lower House Adopts Tax Reform Proposal 2008....................................................... 8
Hong Kong: Court Holds Interest on Loans to Fund Dividend Payments Deductible .................... 11
Hungary: New Minimum Tax Rules Adopted......................................................................... 13
India: Mumbai Tribunal Rules on Agency PE Concept............................................................. 14
Japan: Court Rules on Repo Transactions ............................................................................ 15
Korea: Simplified Tax Regime under Review ........................................................................ 16
Latvia: Tax Exemption on Sale of Shares in Real Property Companies Abolished........................ 17
Luxembourg: New Wealth Management Vehicle Introduced.................................................... 17
Netherlands: Decree Issued on Procedure for Exemption or Refund of Dividend Withholding Tax . 18
New Zealand: Budget 2007 Is a Business Tax Budget ........................................................... 19
Qatar: Financial Centre Regime Expires in 2008 ................................................................... 21
Syria: New Investment Measures under Consideration; Changes to Income Tax Introduced........ 21
Taiwan: MOF Issues Ruling on Application of Treaty Benefits to Foreign Mutual Funds................ 22
United Kingdom: Claims for ACT Compensation on Dividends Paid to Non-EU Parent Companies
Rejected ..................................................................................................................... 24