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New allegations have emerged from non-government agencies (NGO) such as Tax Justice Network Africa and Christian Aid that mining companies are hiding behind transfer pricing (TP) to dodge taxes in Ghana.

The Italian stability law has been amended in relation to international tax ruling provisions.

Chinese telecom carriers will be included in the VAT pilot programme from June.

The Federal Court of Appeal (FCA) decision in Canada v Lehigh Cement Limited upheld the Tax Court of Canada’s verdict that there is no Canadian tax payable in the case and went further in rejecting the revenue’s attempts at broadening the scope of the application of the anti-avoidance rule.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $12.2 billion Exelon Pepco Holding Kirkland & Ellis - George Stamas, Mark Director, William Sorabella Davis Polk & Wardwell - Phillip Mills and Darren Schweiger Acquisition $125 million Pattern Energy Group Inc. Panhandle 1 Davis Polk & Wardwell - Craig Phillips Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Revolving Credit Facility $12.2 billion Ford Motor Company JP Morgan Chase Bank Weil, Gotshal & Manges LLP Weil, Gotshal & Manges LLP - Lawrence Wieman,Mhairi Immermann Credit Facility $3.5 billion Emerson Electric Co. JP Morgan Chase Bank Davis Polk & Wardwell Winston & Strawn LLP Senior Secured Term Loan Facility $1.2 billion Technicolor S.A. Morgan Stanley, Bank of New York Mellon Latham & Watkins LLP Ashurst LLP Term Loan Facility $200 million Pier 1 Imports Merrill Lynch, Pierce, Fenner & Smith Corp., Wells Fargo Secruities Davis Polk & Wardwell - Harry Ballan, Kay NG High-Yield Notes Offering $80 million Times Property Holdings Ltd UBS AG, Hong Kong Branch, Haitong International Securities Company Limited, BOCI Asia Limited and Citigroup Global Markets Limited Sidley Austin Davis Polk & Wardwell - Alon Gurfinkel Common Stock Offering $50 million Iridium Communications Inc. Baron Growth Fund, VY Baron Growth Portfolio and LVIP Baron Growth Opportunities Fund Davis Polk & Wardwell

The number of jurisdictions considered to have an intergovernmental agreement (IGA) in place with the US for the implementation of the Foreign Account Tax Compliance Act (FATCA) has passed 50.

An assertion from an academic who has advised David Cameron, the UK Prime Minister, that tax avoidance is "disgusting" and should be discouraged, a plea from a finance director for more cooperative compliance and a warning that the failure of the BEPS project could lead to a series of unilateral actions on cross-border tax rules, made for a lively debate at the tax competition and cooperation conference convened by the Lord Mayor of London on Wednesday.

Nokia India has got some good news from its tax disputes in the region after the Madras High Court told the tax authority in the state of Tamil Nadu to review its Rs2,400 crore ($399 million) claim against the Finnish telecommunications company.

In a recently published decision, the German Federal Fiscal Court (BFH) ruled that the German thin capitalisation regulations (interest barrier rule) may violate the principles of fair taxation as laid down in the German Constitution. Affected taxpayers should take all measures to keep their assessments open and to stay the execution of their tax assessment notice.

Güler Hülya Yilmaz and Lerzan Nalbantoglu of Deloitte look at a case leading to mutual agreement process.