Ernst & Young Its Global Dispatch

Hungary proposes flat 10% corporate tax rate -- Israeli draft budget 2011-12 would revamp tax incentives regime in 2011 -- Italian guidance released on new CFC rules, black-list dividends -- New Italian instructions for transfer pricing documentation requirements -- Liechtenstein approves major tax reform -- Russian officials confirm new transfer pricing rules to be signed into law this year -- Update on Turkey's withholding tax changes -- Brazil twice increases Tax on Financial Transactions for foreign investments in fixed income -- Mexican budget leaves tax rates unchanged -- Indian discussion paper looks at foreign investment through LLPs -- Recent transfer pricing developments in Vietnam