Global Dispatch, April/May 2008

Australia 2008-2009 Federal Budget Released in mid-May -- Australian Administrative Appeals Tribunal releases preliminary decision in landmark transfer pricing case -- VAT Refund Filing Deadline Approaching in European Union -- ECOFIN Council revises Capital Duty Directive -- New Netherlands-Bahrain Tax Treaty signed -- Portugal’s Madeira International Business Centre regime extended through 2020 -- MNCs involved in Russian reorganizations may lose tax treaty benefits -- Swiss voters accepted corporate tax reform II; positive impact on MNCs -- UK Finance Bill 2008 published -- New Zealand enacts new limited partnership legislation broadly consistent with international norms -- New Thailand government enacts corporate reform, new tax incentives foreshadowed for 2008 -- Argentina enacts new promotional tax regime for investments in certain new capital assets -- Brazil revokes new rules for contract manufacturers and toll manufacturers -- US IRS releases interim guidance on arbitration procedures for amended US-Germany income tax treaty