Ernst & Young Its Global Dispatch

Italy enacts Home State Taxation for new businesses -- Austrian proposal would limit interest expense deduction for stock acquisitions -- Ireland narrows scope of royalty withholding -- Israel takes aggressive stand on business conversions of tech companies -- ECJ rules Spain's tax treatment of dividends to non-Spanish EU resident companies illegal; refund options -- Brazil's new transfer pricing rules expire -- Mexico alleviates tax reporting burden for taxpayers -- Panama announces complementary rules for tax treaties -- US enacts major international tax changes -- India releases revised discussion paper on proposed tax reform -- Taiwan issues mutual tax exemption regulations on cross-strait sea and air exemption agreement with Mainland China