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The GMAC decision in the European Court of Justice (CJEU) should give taxpayers the courage to look for benefits from inconsistencies in member states’ VAT legislation, advisers believe.

With the main political parties holding largely different views on the future direction of Swedish corporate tax policy, Sunday’s general election could leave taxpayers with a host of tax reforms to contend with.

McDermott, Will & Emery has hired an highly international tax practioner to join its tax team in Washington, DC.

Jason Lester has been named as EY’s new UK & Ireland managing partner for tax, succeeding John Dixon.

The issuing of Circular 146 by the State Administration of Taxation (SAT) highlights the Chinese tax authorities’ increasing efforts to enforce transfer pricing (TP) administration for cross-border charges. Taxpayers with significant amounts of cross-border charges should conduct internal audits to avoid getting caught out.

Following the introduction of the UK tax transparent fund (UK TTF) by the UK government in July 2013, we are now seeing real interest in the product and how it compares with vehicles already available in the European market. The first UK TTF was introduced by BlackRock Investment Management in June 2014, triggering debate about how these vehicles can be used to satisfy investor and business requirements.

A Bill was submitted to the Luxembourg Parliament this month that will extend the VAT free zone regime in a bid to increase the country’s competitiveness in the logistics sector, enhance its profile as a storage site for high value goods, and to help align its national VAT system with that of other EU member states.

Jessica Tien has moved from the EY offices in Shanghai to San Francisco to lead the bilateral US China transfer pricing initiative.

The popularity of intellectual property (IP) incentive schemes is rising steadily, with countries such as the UK, the Netherlands and Switzerland, competing to attract investment. Companies looking to take advantage of these schemes, however, have a number of things to consider.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $3.3 billion AB Electrolux GE Appliances Davis Polk & Wardwell - Kathleen Ferrell, Kay NG Acquisition $1.2 billion Global Cash Access Holdings Inc. Multimedia Games Pillsbury Acquisition $1 billion Rakuten USA Inc. Ebates Inc. Fenwick & West Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Subordinated Notes Offering $2.25 billion Morgan Stanley Mitsubishi UFJ Securities (USA), Inc., ABN AMRO Securities (USA) LLC, Apto Partners, LLC, Banca IMI S.p.A., BMO Capital Markets Corp., BNY Mellon Capital Markets, LLC, Commerz Markets LLC, HSBC Securities (USA) Inc., ING Financial Markets LLC, KeyBanc Capital Markets Inc., Lloyds Securities Inc., Mischler Financial Group, Inc., Natixis Securities Americas LLC, Scotia Capital (USA) Inc., SG Americas Securities, LLC, SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC, U.S. Bancorp Investments, Inc. Davis Polk & Wardwell - Lucy Farr, Andrew Smith Sidley Austin Senior Notes Offering $1 billion Lloyds Bank plc Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Lloyds Securities Inc., Merrill Lynch, Pierce Fenner & Smith Inc., Wells Fargo Securities LLC Davis Polk & Wardwell - John Paton, Alon Gurfinkel, Omer Harel, Lena Qiu Linklaters, CMS Cameron McKenna, Allen & Overy Block Trade $865.5 million Voya Financial Inc. Morgan Stanley & Co. LLC, Merrill Lynch, Pierce Fenner & Smith Inc. Sullivan & Cromwell Davis Polk & Wardwell - Rachel Kleinberg, Isaac MacDonald