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Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $2 billion Advance Auto Parts General Parts Kirkland & Ellis; Weil Gotshal & Manges; Stikeman Elliott Manning Fulton & Skinner PA; Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan Acquisition Undisclosed TripAdvisor Oyster Travel Corporation Fenwick & West- Ron Schrotenboer Acquisition Undisclosed Trafigura; Mubadala Development Company MMX Mineracao e Metalicos Shearman & Sterling; Stocche Forbes Padis Filizzola Davis Polk & Wardwell; Mattos Filho, Veiga Filho, Marrey jr e Quiroga Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Revolving credit facility $2.5 billion Computer Sciences Corporation Citibank Davis Polk & Wardwell - Michael Mollerus, Ameya Bapat Shearman & Sterling Initial public offering £1 billion Infinis Barclays; Deutsche Bank; RBC Capital Markets; Liberum Capital; Kempen Slaughter and May - Gareth Miles, Michael Ringer; Simpson Thacher & Bartlett Notes offering $500 million L Brands Merrill Lynch, Pierce, Fenner & Smith, Citigroup Global Markets; JP Morgan Securities Davis Polk & Wardwell - Neil Barr, Avinash Venkatesh Cahill Gordon & Reindel ADS rights offering $358 million Compania Cervecerias Unidas JP Morgan Securities; Citigroup Global Markets; Goldman, Sachs & Co Milbank, Tweed, Hadley & McCloy; Claro y Cia Davis Polk & Wardwell - Harry Ballan, Michael Farber Follow-on offering $120 million KYTHERA Biopharmaceuticals JP Morgan Securitiesl; Merrill Lynch, Pierce, Fenner & Smith Latham & Watkins Davis Polk & Wardwell - Rachel Kleinberg, Catherine Paskoff Chang Common stock offering $90 million Cumulus Media RBC Capital Markets Jones Day Davis Polk & Wardwell - Samuel Dimon, Juelle Gomes

US corporate tax reform could be good news for European multinationals if it forces other OECD countries to drive their own rates down yet further, according to a panel at the Irish Tax Institute’s global tax policy conference in Dublin today.

The issue of the benefits or otherwise for developing countries of arbitration in tax matters has recently become more pressing. In this three-part series, Michael Lennard, chief of the International Tax Cooperation section of the UN speaks in a personal capacity about some of the issues that may shape transfer pricing arbitration clauses and how they operate in future for taxpayers and their advisers.

Pascal Saint-Amans, the OECD’s director for tax policy, today affirmed the base erosion and profit shifting (BEPS) action plan will be completed in two years, while European Commission tax head Philip Kermode said he backs the plan as long as it does not interfere with member states’ EU treaty obligations.

Energy multinational Cairn’s Delhi High Court win gives certainty for non-residents claiming the concessional tax rate of 10% on long-term capital gains arising on the disposal of listed securities in India.

Portuguese taxpayers could be entitled to tax refunds if they were denied interest deductions in relation to loans from non-EU entities, a European Court of Justice (ECJ) ruling has said.

The UK government has announced three changes to the Code of Practice on Taxation for Banks, including a move to publicly name those banks or financial institutions that breach the code.

Joe Hockey, Australia’s new Treasurer, wants to abolish the carbon tax by July. But it may not be so simple.

The UK has signed agreements to automatically share tax information with the Isle of Man and South Africa as it builds on initiatives aimed at greater cooperation on tax issues.

Switzerland has joined the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters. However Rudolf Elmer, the Swiss whistleblower, doubts it will significantly increase the tax haven’s transparency.