Also in this issue:

• Australia Announces Budget 2008-2009
• Brazil
  - Corporate Law Amendments Affect Accounting Practices
• Canada
  - Authorities Expanding Scope of GST Registration for Nonresidents
• Denmark
  - Withholding Tax Rates Reduced
• India
  - Reserve Bank Proposes New Guidelines for Branch/Liaison Offices
• New Zealand
  - Tax Authorities Issue Alert on Haven Holding Structures
• Global Tax Alerts
  - Australia: ATO Provides Positive Guidance on Tax Treatment of Dutch Pension Pooling Funds Investing in Australia
  - European Union: ECJ Upholds Nondeductibility of Foreign PE Losses at Level of Head Office
  - Italy: Authorities Rule on Application of CFC Rules in Black List Country

See attached file for details.

Visit the World Tax Advisor Archive for issues from the past six months.

 Subscribe to World Tax Advisor