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On September 13 2013, Tax Sutra, in conjunction with knowledge partner, Deloitte, organized an interactive discussion between industry professionals and Akhilesh Ranjan, Indian Competent Authority, and Kamlesh Varshney, advance pricing agreement (APA) Commissioner.

In remarks made at the Economic Club in Washington, DC yesterday, US Treasury Secretary Jack Lew said the US has the structure to get the corporate tax rate down to 28%.

On September 8, Mexico’s President Peña Nieto presented a long-awaited tax reform proposal to Congress. The measures it contains, which include a scrapping of the planned corporate tax reduction and an additional tax on dividends, will not be welcomed by taxpayers.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $10 billion Vodafone Kabel Deutschland Stikeman Elliott Acquisition $7.2 billion Koch Industries Molex Latham & Watkins Dentons Acquisition $4.1 billion Fresenius Helios Rhön-Klinikum (Hospitals) Hengeler Mueller - Ernst-Thomas Kraft, Mathias Link Acquisition $2.15 billion Suntory Beverage & Food Ribena / Lucozade (GSK) Clifford Chance Allen & Overy Acquisition $2 billion Umpqua Holdings Sterling Financial Wachtell, Lipton, Rosen & Katz - Joshua Holmes Davis Polk & Wardwell Acquisition $1.2 billion Jacobs Engineering Group Sinclair Knight Merz Paul Hastings / Allens / Linklaters Jones Day Recommunalisation of Berlin Wasserbetriebe $804 .3 million State of Berlin Berlin Wasserbetriebe (Veolia) Noerr - Carsten Heinz Acquisition $800 million Vista Equity Partners Omnitracs Davies Ward Phillips & Vineberg Acquisition $415 million Cisco WhipTail Fenwick & West - Ron Schrotenboer Acquisition $217.7 million Prologis Schroder Property Hengeler Mueller - Martin Klein Acquisition $100 million Magellan Health Services Partners Rx® Weil, Gotshal & Manges - Helyn Goldstein Acquisition Undisclosed Facebook Monoidics Fenwick & West - Larissa Neumann Acquisition Undisclosed Hellman & Friedman CarProof Davies Ward Phillips & Vineberg Acquisition Undisclosed NATIONAL Public Relations Madano Partnership Stikeman Elliott - Luc Bernier Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Bond Issue $49 billion Verizon Debevoise & Plimpton Milbank Tweed Hadley & McCloy Notes Offering $2 billion Royal Bank of Canada RBC Capital Markets / JP Morgan Davis Polk & Wardwell - Lucy Farr Block Trade $1.1 billion LyondellBasell Industries Citigroup Baker Botts Davis Polk & Wardwell - Michael Farber Senior Notes Offering $800 million Cubist Pharmaceuticals Morgan Stanley / Barclays / RBC Capital Markets Ropes & Gray Davis Polk & Wardwell - Samuel Dimon

Diana Wollman, a former partner of Sullivan & Cromwell, begins her new job today as director, international strategy in the Large Business and International division of the Internal Revenue Service.

Both houses of the Swiss parliament have now approved the intergovernmental agreement (IGA) between Switzerland and the US to implement the Foreign Tax Compliance Act (Fatca).

Type of Agreement Country Country Date Signed Double Taxation Avoidance Agreement (Amendment) Germany Philippines September 9 2013

Devereux Chambers has added Jolyon Maugham from 11 New Square to its pool of specialist tax counsel.

King & Spalding has recruited Nathan Clukey as a partner in its Washington tax controversy and litigation practice.

The IRS has published "technical corrections" to the final FATCA regulations, reports Burt Staples & Maner