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The total tax contribution of the UK’s biggest companies rose by £500 million ($820 million) on 2012, despite corporation tax revenues falling sharply. And, for the first time, employers’ national insurance contributions overtook corporation tax as the biggest source of tax revenue from the 100 Group of Britain’s biggest companies.

*Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Senior notes offering $2.75 billion Pict Morgan Stanley Morgan Stanley Davis Polk & Wardwell - Po Sit, Andrew Smith Sidley Austin Bond issue $2.4 billion Greenland Hong Kong Goldman, Sachs Conyers Dill & Pearman Linklaters Notes offering $750 million General Mills Citigroup Global Markets; Goldman, Sachs; Morgan Stanley Dorsey & Whitney Davis Polk & Wardwell - Lucy Farr Reinsurance transaction $200 million Aetna and Vitality Re V Goldman, Sachs; BNP Paribas Securities Group Maples & Calder; Allen & Overy Cadwalader, Wickersham & Taft Common stock offering $115 million Keryx Biopharmaceuticals JP Morgan Securities Alston & Bird Davis Polk & Wardwell - Rachel Kleinberg, Joseph Pahl Follow-on common stock offering $72 million XenoPort Credit Suisse Securities Davis Polk & Wardwell - Rachel Kleinberg, Catherine Paskoff Chang Common stock offering $55 million NanoString Technologies JP Morgan Securities; Morgan Stanley Wilson Sonsini Goodrich & Rosati Davis Polk & Wardwell - Rachel Kleinberg, Catherine Paskoff Chang

Spain is continuing to reform its tax code. Increasing revenue collection is one goal, and the largest companies will be footing the bill.

After pledging to reinstate the 50p top rate of income tax if his Labour party returns to power at the next election, Ed Balls, shadow chancellor, has been attacked for promoting an “anti-business agenda”.

The French government wants to cut VAT on digital content. The European Commission wants France to raise its already reduced rate for e-books. Let battle commence.

Fuad Saba has joined the Chicago office of WTP Advisors as head of international tax client services for the Midwest region.

Nikolaj Bjørnholm is the newest tax partner at Plesner in Copenhagen after a three year stint as head of Hannes Snellman's Danish tax practice.

Liz Hughes and Oriana Panidha of Grant Thornton discuss thin capitalisation in the context of HMRC’s increasing scrutiny of the arm's-length nature of interest applied to the lending and borrowing amongst related parties.

When many people have difficulty even defining what Cloud computing is, for a taxpayer in a multinational company, being able to account for the business’s use of Cloud computing for tax purposes can be a nightmare, particularly because of a lack of sufficient guidance on the issue.

Fuad Saba has joined the Chicago office of WTP Advisors where he will oversee the Midwest region’s international tax client services.