In this issue:

• IRS issues industry directive on cost sharing
• Australian court hands down first-ever substantive transfer pricing decision
• China issues draft administrative regulations
• Finland’s new transfer pricing documentation requirements enter into force
• France proposes draft documentation requirements
• Are your Chinese transfer pricing arrangements ready for new challenges?
• Sweden issues proposal for formal APA procedures
• U.S. IRS releases paper on cost-sharing stock-based compensation
• IRS releases ninth annual APA report
• Implementing the Kyoto protocol to reduce greenhouse gas emissions: an overview of transfer pricing issues

See attached file for details.

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