ITS Global Dispatch, July 2012

China further clarifies beneficial ownership for tax treaty purposes -- India releases draft guidelines for new anti-avoidance regulations (GAAR) -- Vietnam approves National Action Plan on transfer pricing for 2012-2015 -- Polish court challenges procurement support transactions with related entity -- Spain introduces new tax measures to reduce public deficit -- Argentina withdraws from tax treaty with Chile and Spain -- Brazil introduces reporting requirement for cross-border service and intangible transactions -- US releases FATCA Model Intergovernmental Agreement