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Cyprus corporate tax hike; India-Mauritius treaty; disputes in Chile; dispute resolution in Turkey; Indian GST; Polish VAT; G20 information exchange; EC tax evasion

Type of Agreement Country Country Date Signed Double Taxation Avoidance Agreement Ethiopia Qatar April 10 2013 Tax Information Exchange Agreement Liechtenstein Mexico April 12 2013

TYPE OF DEAL VALUE ACQUIRER TARGET ADVISER TO ACQUIRER (TAX) ADVISER TO TARGET (TAX) Acquisition $13.6 billion Thermo Fisher Life Technologies Wachtell, Lipton, Rosen & Katz / WilmerHale Cravath, Swaine and Moore Acquisition $9.78 billion JAB group DE Master Blenders Stibbe / Skadden, Arps, Slate, Meagher & Flom Allen & Overy Acquisition $3.3 billion General Electric Lufkin Industries Weil, Gotshal & Manges Bracewell & Giuliani Acquisition $1.5 billion Georgia-Pacific Buckeye Technologies Dechert Acquisition $1.05 billion PPG Industries AkzoNobel Davies Ward Phillips & Vineberg Acquisition $1 billion ABB Power-One Cleary Gottlieb Steen & Hamilton Gibson, Dunn & Crutcher - Paul Issler Acquisition $985.7 million Centrica / Qatar Petroleum International Suncor Energy (Western Canadian Sedimentary Basin) Stikeman Elliott - David Weekes Acquisition $631 million AXA Tian Ping Sullivan & Cromwell Baker & McKenzie Acquisition $379 million Etihad Airways Jet Airways Amarchand Mangaldas / DLA Piper Gagrat & Co. / Economic Laws Practice Joint Venture $225 million Far East Orchard Toga Group King & Wood Mallesons Acquisition $210 million Brother Industries Eastman Kodak Company Sullivan & Cromwell Acquisition $210 million CIBC Atlantic Trust Private Wealth Management Wachtell, Lipton, Rosen & Katz - Joshua Holmes Acquisition Undisclosed Redknee Solutions Nokia Siemens Networks India Unit Amarchand Mangaldas / Deloitte Clifford Chance TYPE OF DEAL VALUE ISSUER / BORROWER LEAD MANAGERS / ARRANGERS ADVISER TO ISSUER / BORROWER ADVISER TO LEAD MANAGERS Notes Offering $1 billion NIKE Citigroup / Deutsche Bank / Merrill Lynch, Pierce, Fenner & Smith Goodwin Procter Davis Polk & Wardwell Bond Issue $647 million AE-Rotor Holding J.P. Morgan / SBICAP Amarchand Mangaldas / Linklaters Allen & Overy Global Equity Offering $330 million Brazil Hospitality Group Stocche, Forbes, Padis, Filizzola e Clápis Advogados / Davis Polk & Wardwell Milbank, Tweed, Hadley & McCloy / Lefosse Advogados Initial Public Offering $223.8 million Taminco Corporation Citigroup / Goldman, Sachs / Credit Suisse / J.P. Morgan Kirkland & Ellis Davis Polk & Wardwell - Samuel Dimon

Doug Thomas has been appointed the new east regional tax leader for PwC, which makes him responsible for the firm’s tax markets in greater Boston, New York, Washington DC, the Carolinas, Georgia and Florida.

Shelley Giberson, who has expertise in tax accounting, international tax compliance and reporting, has been appointed PwC’s greater Atlanta tax leader. Before this, she led PwC Atlanta’s tax specialist practices. She also advises clients on international tax, developing international expansion, cash redeployment, debt restructuring, tax attribute management and cash tax management strategies.

The Dutch Ministry of Finance has released guidance on rules which limit interest on related party debt. However advisers have said taxpayers need further clarification on the deductibility of interest when purchasing foreign subsidiaries.

Daniel Harrison The Ministry of Finance has issued Notification No. 3086/MoF, dated March 19 2013 on tax registration and renewal in light of the introduction of the one-stop service under the current investment regulations. Following on from the issuance of Decision No. 2411/MPI, dated October 7 2011 regarding the organisation and activities of the One-Stop Investment Office (One-Stop Office), the Notification comes as a consequence of guidelines for the one-stop service not being able to be issued on a timely basis.

Through its inclusion in the CIVET (Colombia, Indonesia, Vietnam, Egypt and Turkey) group of countries, Vietnam is being touted as one of the world’s most attractive future investment locations for multinationals and the country’s government is rapidly trying to align its tax system with those of developed countries.

A monthly commentary on the notable facts, figures and goings-on in the tax world.