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  • In a public consultation on transfer pricing matters in Paris today, the OECD questioned the realities of implementing country-by-country (CBC) reporting, with business harbouring concerns over the confidentiality of information disclosed under the method.
  • Sonu Bhatnagar has joined ELP as a partner in the tax litigation team. She will be based in Delhi.
  • Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $5.67 billion Etisalat Maroc Telecom Freshfields Bruckhaus Deringer Gibson, Dunn & Crutcher / Kettani Law Firm Acquisition $2.7 billion Tri Pointe Homes Weyerhaeuser Gibson, Dunn & Crutcher Cravath, Swaine & Moore Acquisition $2.6 billion Salix Pharmaceuticals Santarus Covington & Burling - Rob Heller Latham & Watkins Acquisition $1.6 billion Endo Health Solutions Paladin Labs Skadden, Arps, Slate, Meagher & Flom / Torys Davies Ward Phillips & Vineberg Acquisition $420 million Suning Commerce Group PPLive Corporation Sullivan & Cromwell Acquisition $270 million Essilor International Costa Weil, Gotshal & Manges - Chayim Neubort Acquisition $194.4 million E.ON / Cambuhy OGX Maranhão Lefosse Advogados Acquisition Undisclosed Centro Media SiteScout Fenwick & West Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Notes Offering $1 billion Altera Corporation Merrill Lynch / Morgan Stanley / Citigroup / JP Morgan Wilson Sonsini Goodrich & Rosati Davis Polk & Wardwell - Rachel Kleinberg Multicurrency Medium Term Note Programme $400.6 million Midas Holdings DBS Bank / HSBC WongPartnership Allen & Gledhill
  • Chris Davies has been chosen to replace David Harkness as Clifford Chance’s new global tax, pensions and employment (TPE) head from January 1 2014.
  • UK public company register; Vale blow in Brazil CFC case; US Tax Court denies Medtronic protective order; Malaysia GST; and Australia cutting compliance requirements.
  • Type of Agreement Country Country Date Signed Double Taxation Avoidance Agreement Argentina Switzerland November 5 2013
  • Jean Marc Gagnon and Emmanuel Sala, of Blake, Cassels & Graydon, comment on the most recent Canadian foreign affiliates tax decision dealing with the proper interpretation to be given to a specific anti-avoidance rule.
  • Medical technology multinational, Medtronic, could suffer after the US Tax Court denied the company's request for a protective order in its transfer pricing case.
  • The Federal Prosecutor’s Office (MPF) in Brazil has issued an opinion against mining multinational Vale in its fight to show that the country’s controlled foreign company (CFC) rules unlawfully override double tax treaties.
  • A report from PwC shows that most people in the UK view an overseas business moving its headquarters to the country as a positive sign, despite some of the negative press reaction to foreign companies such as Starbucks availing themselves of the benefits of being in the country but not contributing a “fair” level of tax.