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Algirdas Semeta, European Commissioner for Taxation and Customs Union, Audit and Anti-Fraud, has urged member states not to water down proposals for a financial transactions tax (FTT), arguing that present delays may be instead overcome by a phased implementation of the tax.

Lisa Dunne of William Fry discusses the ICAV: A new corporate investment vehicle specifically designed for Irish funds, which has been announced by the Minister for Finance.

HMRC has issued letters to people it believes hold bank accounts in the Cayman Islands, encouraging them to disclose any previously undeclared income and capital gains.

Robert Gaut is the new head of Proskauer’s tax practice in London.

Frederick Chilton Jr has joined KPMG as the international tax lead for the firm’s technology sector, based in Silicon Valley.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $4.1 billion The Carlyle Group Ortho-Clinical Diagnostics (Johnson & Johnson) Baker & McKenzie - Jonathan Stevens Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Senior debt takedown offering $3 billion Sumitomo Mitsui Banking Corporation Goldman, Sachs; Barclays; Citigroup Global Markets; JP Morgan Securities; SMBC Nikko Capital Markets Davis Polk & Wardwell - John Paton, Alon Gurfinkel, Omer Harel Notes offering/accelerated share repo $2 billion FedEx Corporation JP Morgan Securities; Goldman, Sachs; Morgan Stanley; Merrill Lynch, Pierce, Fenner & Smith; Citigroup Davis Polk & Wardwell - Mario Verdolini, Leslie Altus, Ankur Dalal Simpson Thacher & Bartlett Notes offering $1.5 billion Export-Import Bank of Korea (KEXIM) Barclays; Citigroup; Deutsche Bank; JP Morgan; Merrill Lynch, Pierce, Fenner & Smith; Societe Generale; US Bancorp; Woori I&S Cleary Gottlieb Steen & Hamilton; Yoon & Lang Davis Polk & Wardwell - Alon Gurfinkel Primary placing of H shares $759 million China Oilfield Services (CNOOC) China International Capital; Credit Suisse; JP Morgan; Goldman Sachs; Morgan Stanley Davis Polk & Wardwell; KangDa Law Firm; Freshfields Burckhaus Deringer Zhong Yin Law Firm Acquisition financing $325 million XPO Logistics & 3PD Credit Suisse Securities Wachtell Lipton Rosen & Katz Davis Polk & Wardwell Secondary common stock offering $163 million Groupon (LivingSocial) Morgan Stanley Winston & Strawn; Cooley Davis Polk & Wardwell - Rachel Kleinberg, Catherine Paskoff Chang Common stock offering $91.3 million Virtusa Corporation JP Morgan Securities Goodwin Procter Davis Polk & Wardwell - Mario Verdolini, Adam Perry, Brian Harris

Governments' hard-line approaches to companies' transfer pricing arrangements has resulted in a rise in transfer pricing cases being resolved in court, explains Fabrizio Lolliri, European director of transfer pricing for Hogan Lovells.

Taxpayers that sell, import or provide any of a specified list of products or services are obliged to levy IEPS, or an excise tax, on the products.

All of us in the tax world know that transfer pricing has been a hot topic this year. Around the globe, tax authorities have become more aggressive, primarily to reduce government fiscal deficits.

Companies and firms can now enter for the European Tax Awards 2014. Entry information is available in hyperlinks throughout this story.