Tax First – March 2007

The Tax First electronic newsletter provides tax professionals with a round-up of the past month's key financial news and a calendar of useful diary dates.

This month's publication includes the following topics:

• International: CFC update, Marks & Spencer decision at the Court of Appeal
  
• Indirect tax: Will remote gaming be brought on shore for VAT purposes? New partial exemption regime announced by HMRC
  
• Banking and capital markets: Islamic finance; FIN 48; Dutch dividend withholding tax act
  
• Finance and treasury: Hedging election; IFRS7
  
• Employer and shareholder: avoiding trapped pension surpluses
  
• Risk: offshore banking
  
• Legal: new maternity and paternity rules