Also in this issue:

• Canada
  - Court decision causes indigestion for Glaxo
• Denmark
  - Tax treaties with France, Spain terminated
• European Union
  - Chemical industry affected by EU REACH program
• France
  - Details announced on negotiated treaty with U.K.
• Hungary
  - Tax authorities get tough on consolidated transfer pricing documentation
• Korea
  - Tax authorities overturn USD 1.7 billion tax assessment
• Thailand
  - Authorities issue warning about branch registration
• United States
  - Tougher expat tax rules enacted to pay for military tax relief
• Global Tax Alerts
  - Venezuela: Tax on financial transactions repealed

See attached file for details.

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