Global Dispatch, September 2009

Trading gain on publicly-listed Chinese shares may have withholding exposure -- Chinese authorities reviewing Chinese entities with secondment arrangements -- China placing loss-generating, single function entities under scrutiny -- Australia concedes cases involving treaties entered into prior to CGT introduction -- HK court addresses source of trading profits in import processing arrangement -- India releases Direct Taxes Code Bill 2009 -- Foreign banks operating in Korea via branches may use daily FX rates -- Singapore signs agreements including tax information exchange -- Taiwan issues draft guidelines for determining Taiwanese-source income -- European VAT Package fast approaching -- Hungarian companies may require restructuring before 2010 to avoid transfer tax, capital gains -- Dutch bill includes favorable changes to corporate tax law as part of 2010 Budget -- Mexico, Switzerland to finalize important tax protocol -- US legislative update