ITS Global Dispatch, May 2010

Canada releases details of proposed reporting requirements for tax-avoidance transactions -- Cyprus adopts new shipping tax legislation -- German update on new tax rules for transfer of business functions -- Italian Central Revenue releases unilateral APA statistics -- Swedish tax agency floats proposed CFC changes -- UK unveils new treaty relief process -- New Australian Resource Super Profits Tax raises concerns -- Thailand issues bilateral APA guidelines -- Canadian ruling sanctions cash repatriation strategy from Canada -- US Customs approves use of TP study to support related-party pricing

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