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As things gather pace in the move towards automatic exchange becoming the globally coordinated standard for tax information sharing, KPMG’s Hans-Jürgen Feyerabend, Victor Mendoza and Jennifer Sponzilli explore the intricacies of implementing a new global norm, as well as how it will sit alongside other initiatives including the US FATCA.

Sunil Gidwani, Nehal Sampat and Dipesh Jain of PwC discuss some of the key taxation issues affecting foreign banks in India.

Gautam Mehra, Nehal Sampat and Neha Shah of PwC discuss the key Indian income tax issues relevant for foreign investors and asset managers investing into India.

Exporters from Germany should be aware that Customs requirements for proper proof of export changed in May.

BaseFirma, a US transfer pricing firm with extensive coverage in North and Latin America, and Quantera Global, the transfer pricing specialists with a focus on Europe and Asia today, have announced a strategic alliance. The firms said that joining together will mean they will be able to respond to the growing demand from multinationals all over the world for transfer pricing and Customs services.

The view held by the German Federal Finance Court, is that the German VAT Administrative Guidelines contradict the European Court of Justice’s jurisdiction and, thus, the EU VAT Guideline with respect to chain supplies, reports Johan De Spiegeleer of Deloitte.

The European Commission has opened formal state aid investigations into three tax rulings agreed between Apple, Fiat and Starbucks with the Irish, Luxembourg and Netherlands tax authorities, respectively.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Binding Offer to Acquire $8.55 billion Tyson Foods, Inc. The Hillshire Brands Company Davis Polk & Wardwell LLP - Neil Barr Open Offer to Acquire $1.9 billion Diageo plc United Spirits Davis Polk & Wardwell LLP Acquisition $45 million LDC Anite Travel Ltd. CMS Cameron McKenna LLP Simmons & Simmons LLP - Nick Cronkshaw, Chris Agnoli Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Notes Offering $1 billion Baidu Inc. Goldman Sachs LLC, J.P. Morgan Securities LLC Skadden, Arps, Slate, Meagher & From LLP, Maples and Calder, Li & Partners Davis Polk & Wardwell LLP -John Paton, Alon Gurfinkel Notes Offering $500 million NetApp Inc. Goldman, Sachs & Co., J.P. Morgan Secrurities LLC, Morgan Stanley & Co. LLC Wilson Sonsini Goodrich & Rosato Davis Polk & Wardwell LLP - Rachel Kleinberg, Patrick Sigmon Senior Convertible Debentures Offering $400 million SunPower Deutsche Bank Securities Inc., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., HSBC Securities (USA) Inc. and RBS Securities Inc Davis Polk & Wardwell LLP - Michael Farber Initial Public Offering $321.6 million Qingdao Port International Co. BOCI Asia Ltd., CLSA Ltd., UBS AG, Hong Kong Branch, Deutsche Bank AG Davis Polk & Wardwell LLP - John Paton, Rhiannon Nakano Freshfields Bruckhaus Deringer, Jia Yuan Law Offices, Grandall Law Firm (Shanghai) Senior Notes Offering $227.5 million Insulet Corporation J.P. Morgan Securities LLC Goodwin Procter LLP, J. Wood Capital Advisors LLC, Perella Weinberg Partners Davis Polk & Wardwell LLP - Michael Farber, William Curran Equity Units Offering $143.75 million The Laclede Group Inc. Credit Suisse Securities (USA) LLC and Wells Fargo Securities, LLC Akin Gump Strauss Hauer & Feld LLP, Pillsbury Winthrop Shaw Pittman LLP Davis Polk & Wardwell LLP - Lucy Farr, Nicole Field Secondary Offering $123 million Wesco Aircraft Holdings Inc. Barclays Capital Latham & Watkins LLP Davis Polk & Wardwell LLP - Samuel Dimon, Joseph Pahl

The reverse-charge-scheme is only applicable to supplies to property developers where the property developer uses the received construction work directly for such a supply itself, explains Robert Hammerl of KMLZ.

Political uncertainty in Crimea is reflected in the tax market, and this has resulted in a variety of approaches by Crimean entities. The majority of these are considered short term, damage-control strategies. Re-registration with Russia is now a popular option for companies with material assets in Crimea, though this practice could bring political fallout with Ukraine.