ITS Global Dispatch, June 2010

New UK government releases emergency budget; outlines roadmap for corporate tax reform -- European Commission requests Belgium, Denmark, and the Netherlands amend exit tax rules -- Ireland's transfer pricing rules become law -- Italy adopts transfer pricing documentation measure -- South Africa proposes transfer pricing, thin capitalization changes -- More information on Japanese transfer pricing documentation requirements -- Taiwan further reduces corporate tax rate -- Vietnam issues new transfer pricing circular -- Argentine government considers new regime to promote local shared services centers for service rendered abroad -- Canadian government releases policy on requesting access to accountants' and auditors' working papers -- Canada signs TIEA with Bermuda and St. Kitts and Nevis