Contents: Hong Kong - Court Rules on Source of Brokerage Company's Income, India - Tribunal Rules on Taxability of Service Fees under India-U.S. Treaty / AAR Rules on Application of India - U.A.E. Treaty, Japan - 2005 Tax Law Changes Affect Inbound Investment / New Law May Prohibit Japanese Branch Operations of Foreign Companies, Macau - Government Restricts Activities of Offshore Companies, Philippines - Corporate Tax and VAT Changes Enacted, Taiwan - MOF Issues Rulings on Taxation of Forei