Global Dispatch - February/March 2007

UK's Marks & Spencer Decision Upheld on Appeal -- Austrian Decree Restricts Tax Losses of Absorbed Foreign Subs -- Austrian Tax Administration Extends Dividend W/Holding Exemption for EU Partnership Holding Austrian Shares -- Germany's 2008 Tax Reform Update -- Dutch Group Interest Box Partially Approved by European Commission, Dutch Patent Box Regime Retroactive to January 1, 2007 -- New Portuguese Local Finance Law Reduces CIT -- Switzerland, EU Sparring Over Swiss Cantonal Tax Regimes -- India's Union Budget 2007 Released -- India Considering Limited Liability Partnerships -- Indonesia Introduces New Tax Incentives for Specified Industries -- Singapore Budget Reduces CIT, Introduces Financial Industry Incentives -- Thai Cabinet Approves Changes to Foreign Business Act -- Brazil Provides CIDE Exemption for Cross-Border Software License Payments -- U.S., Bulgaria Sign First-Ever Tax Treaty -- Uruguay Approves Tax Reform Effective July 1, 2007