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Campaigners including Christian Aid, Global Witness and Tax Research have hailed the UK government’s proposal to implement a register of beneficial ownership as a world first. But they are now warning that the register may not be accurate if carried forward in line with existing plans.

Medtronic and Covidien announced last weekend that they intend to complete a $43 billion tie-up and fellow US pharmaceutical company, AbbVie, is set to send a formal $31 billion offer for Irish rival Shire today: the trend of inversion transactions out of the US shows no signs of abating.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition Undisclosed Yahoo RayV Fenwick & West - Idan Netser Meitar Liquornik Geva Leshem Tal Acquisition $297 million Dürr AG HOMAG Hengeler Mueller Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Revolving Credit Facility $1 billion Estée Lauder Companies Inc. JPMorgan Chase Bank Davis Polk & Wardwell - Po Sit Senior Notes Offering $750 million Moody's Corporation J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Inc Gibson, Dunn & Crutcher Davis Polk & Wardwell - Michael Mollerus Offering of Common Shares $193.9 million Kosmos Energy Ltd Barclays Capital Inc. Simpson Thacher & Barlett, Conyers Dill & Pearman Ltd Davis Polk & Wardwell - Michael Mollerus, Ameya Bapat

Despite the recent spate of corporate inversion transactions, not all US taxpayers have caught the inversion bug. Danaher Corporation's Jim Ditkoff tells International Tax Review "Congress can do whatever they want with inversions as far as I'm concerned". Here he explains why Danaher is not following the herd by inverting overseas.

Ann Burgess Cammack, former senior tax counsel on the US Senate Finance Committee and tax adviser to its chairman, Max Baucus, has joined EY’s Washington, DC office as a principal in the National Tax department.

Paul Morton, head of group tax at Reed Elsevier, discusses his company’s global transfer pricing strategy and voices his concerns over BEPS and the conflict between permanent establishment and the digital economy.

Richard McAlonan, Jr. has joined EY as director of national tax transfer pricing controversy in Washington DC. McAlonan will also take on the role of Americas director of advance pricing agreements. He previously served as director of the IRS’s advance pricing and mutual agreement programme.

Paul Morton, head of group tax at Reed Elsevier, addresses the transfer pricing topics hitting the headlines in an exclusive interview with TPWeek and provides an insight into Reed Elsevier’s tax matters.

The UK tax authorities could do more to improve corporate tax transparency, a Conservative member of parliament has told a debate in London.

Tony Abbott’s government has today won its battle to scrap the controversial carbon pricing mechanism, which sought to place a levy on the country’s biggest polluters.