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Cyprus-Italy
Cyprus removed from Italy’s black lists
The Italian government has published a Ministerial Decree officially removing Cyprus from the Italian CFC and tax haven black lists.
[Issued: 27 August 2010] 
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Switzerland
Tax treaty anti-abuse rules relaxed
The tax administration has changed its practice regarding the application of the 1962 anti-abuse decree to generally reflect the incorporation of specific treaty shopping provisions in some of Switzerland’s tax treaties.
[Issued: 26 August 2010] Read more Print
United States
CFCs with taxable years ending 11/30/10: Impact of quarter ending 8/31 on section 956 planning
An examination of certain implications of the “Education Jobs & Medicaid Assistance Act” on a controlled foreign corporation with a tax year ending 30 November 2010.
[Issued: 25 August 2010] Read more Print
Foreign account tax compliance: Initial guidance issued on chapter 4 (sections 1471-1474)
The tax authorities have issued guidance under new “FATCA” withholding tax requirements designed to prevent U.S. persons from evading U.S. tax by holding income-producing assets through accounts at foreign financial institutions or through other foreign entities.
[Issued: 30 August 2010] Read more Print