Also in this issue:

• Netherlands Antilles: New Tonnage Tax Regime in Effect
• New Zealand
  - 2008 Budget: a Mixed Bag for Business
• United Kingdom
  - High Court Rules on Payment Handling VAT Exemption
• Venezuela
  - Investment Agreement with the Netherlands Terminated
• Global Tax Alerts
  - European Union: ECJ Confirms Rulings Relating to U.K. Taxation of Foreign Dividends and CFCs
  - Luxembourg: Abolition of Capital Duty and Corporate Rate Reduction Announced
  - Norway: EFTA Court Rules on Norwegian Tax Credit

See attached file for details.

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