Search results for

The US Senate has passed a Bill that would allow states to require online merchants to collect and remit sales and use taxes on goods and services they sell, even when they have no physical presence in the state. If made law, the Bill could enable states to force foreign-domiciled sellers with only an economic presence in a state to also collect sales tax.

Draft legislation to repeal the Foreign Account Tax Compliance Act (FATCA) is unlikely to spare foreign financial institutions from the task of complying with the law aimed at minimising tax evasion by US taxpayers.

The OECD has released draft guidelines to help tax authorities identify high-risk transfer pricing arrangements that may require further scrutiny. The guidance should help taxpayers utilise their compliance resources more effectively.

Type of Agreement Country Country Date Signed Double Taxation Avoidance Agreement Hungary UAE May 1 2013

The Australian budget 2013-14 is one week away, and while taxpayers want a corporate tax cut, they should prepare for tightened thin capitalisation rules and a reformed research and development (R&D) tax incentive, though there is good news regarding exploration.

The Confederation of British Industry (CBI) has today released a list of seven tax principles for UK businesses.

Last month, the Mexican Supreme Court of Justice (MSCJ) solved several appeals of constitutional rights filed against Article 32, Section XVII, of the Mexican Income Tax Law (MITL).

Fernando Lorenzo Salazar, of PwC Mexico, explains how taxpayers can make the most of Mexico’s tax amnesty programme (TAP) to settle their disputes.

Ernst & Young is the latest organisation to dampen US tax reform spirits, producing a survey which indicates that pessimism regarding reform among corporate and tax executives has never been higher.

TYPE OF DEAL VALUE ACQUIRER TARGET ADVISER TO ACQUIRER (TAX) ADVISER TO TARGET (TAX) Acquisition $6.9 billion Bain Capital / Golden Gate / GIC / Insight Venture Partners BMC Software Wachtell, Lipton, Rosen & Katz Kirkland & Ellis / Sidley Austin / Willkie Farr & Gallager Acquisition $2.05 billion Berkshire Hathaway IMC International Metalworking Companies Munger, Tolles & Olson Wachtell, Lipton, Rosen & Katz - Jodi Schwartz Liquified Natural Gas Investment Agreements $1.97 billion China National Offshore Oil Corporation BG Group Herbert Smith Freehills King & Wood Mallesons Acquisition $1.1 billion Bayer AG Conceptus Sullivan & Cromwell - Ronald Creamer Latham & Watkins Acquisition $820 million Goldman Sachs Ebix Davis Polk & Wardwell - Kathleen Ferrell Alston & Bird / Richards, Layton & Finger Secondary Buy-out $650 million Charterhouse Capital Partners Armacell Group Weil, Gotshal & Manges - Jürgen Börst Acquisition $585 million Auxilium Pharmaceuticals Actient Holdings Willkie Farr & Gallagher / Morgan, Lewis & Bockius Kirkland & Ellis / Hogan Lovells Acquisition $482.39 million Deutsche Wohnen Blackstone Real Estate Partners Europe III Squire Sanders Hengeler Mueller - Martin Klein Acquisition $408.7 million Birch Hill Equity Partners Softchoice Corporation Stikeman Elliott - John O'Connor Borden Ladner Gervais Acquisition Undisclosed Actian Corporation ParAccel Fenwick & West - Ora Grinberg Acquisition Undisclosed SCG Financial Acquisition Corporation Reach Media Group Holdings Greenberg Traurig Fenwick & West - Amanda Athanasiou Merger Undisclosed Shutterfly MyPublisher Covington & Burling - Robert Heller TYPE OF DEAL VALUE ISSUER / BORROWER LEAD MANAGERS / ARRANGERS ADVISER TO ISSUER / BORROWER ADVISER TO LEAD MANAGERS Initial Public Offering $5.7 billion BB Seguridade Banco do Brasil / J.P. Morgan / Bradesco / Itaú BBA / BTG Pactual / Citigroup / Brasil Plural / Banco Votorantim Clifford Chance / Lefosse Advogados / Bocater, Camargo, Costa e Silva Advogados Davis Polk & Wardwell - Kathleen Ferrell Notes Offering $3.25 billion Diageo Capital Barclays / Goldman Sachs / J.P. Morgan / Merrill, Lynch / Santander / Standard Chartered / UBS Sullivan & Cromwell / Slaughter and May / Morton Fraser Davis Polk & Wardwell - John Paton Senior Notes Offering $500 million The AES Corporation Morgan Stanley / Barclays / Citigroup / Credit Suisse / Deutsche Bank / RBS Davis Polk & Wardwell - Michael Mollerus Shearman & Sterling Senior Secured Notes Offering $200 million DriveTime Jefferies / Wells Fargo DLA Piper / Snell & Wilmer Davis Polk & Wardwell - Michael Farber