The TransAtlantic Business Dialogue (TABD) is meeting in Davos during the annual World Economic Forum to determine their priority policy agenda for 2008. The chair role on the U.S. side will pass from Michael Klein, Citigroup??™s chairman and co-CEO, Markets and Banking, to James Quigley, CEO of Deloitte Touche Tohmatsu.

Against a backdrop of slower economic growth, the business leaders will concentrate on ways to maintain an open investment climate, balance security and open trade, and reduce regulatory barriers. The U.S. and EU markets make up 60 percent of global GDP and generate more than US$3.75 trillion in bilateral commercial sales a year. The transatlantic economy employs up to 14 million workers on both sides of the Atlantic.

Ernst & Young has announced the admission of 4 new partners to the UK tax practice, which took effect this month. Graham Farquhar (Employer Services), Kevin MacAuley (VAT Indirect Tax) and Matt Maltz (Real Estate) are based in London whilst Giles Capon (Human Capital) is from the Bristol office.Paul Davies, UK Head of Tax, said, “We are very committed to attracting, retaining and developing talented people and I am delighted to announce the appointment of our new tax partners. It is always a pleasure to recognise and reward the achievements of individuals. As a firm, we have great confidence in our people and their ability to offer our clients deep sector knowledge and expertise while providing a high quality service.”

Giles Capon joined Ernst & Young in 2002 as a senior manager, having previously worked for BDO Binder Hamlyn, Coopers & Lybrand and most recently Andersen. Starting his career with the firm focusing on share plans, Mr Capon later diversified to help employers with three key areas of their human capital needs - global mobility, performance and reward, and employment tax consulting services.

Graham Farquhar joined the firm three years ago and leads the Employer Services team within Tax and Risk Advisory Services (TARAS). Graham focuses on advising clients on all aspects of employment tax issues and specialises in HMRC investigations. Graham has extensive experience in Financial Services and the technology sector.

Kevin MacAuley, who leads Indirect Tax Accountancy Risk Advisory Services (ITARAS) and the London VAT Group, joined Ernst & Young ten years ago. He helps clients improve their performance and manage risks associated with operational VAT issues.

Matt Maltz joined the Real Estate, Hospitality and Construction (RHC) team in 2001 following four years at Andersen and two at Barclays Capital. He focuses on real estate tax planning and big ticket cross border transactions for major corporates, institutional investors and real estate funds.