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The Polish government has implemented a raft of measures amending the country’s VAT regime in line with EU law.

The Indian Empowered Committee of State Finance Ministers has confirmed the GST will be nationwide when implemented and states will not be allowed to opt out of the system.

Hugh Paynter, a dispute resolution lawyer, has become a partner of Herbert Smith Freehills in Sydney.

Eric Schmidt, Google’s executive chairman, has publicly defended his company’s corporation tax payments in the UK, but his comments are likely to rile subscribers to the Margaret Hodge (Labour MP) viewpoint that business obligations extend beyond compliance with the letter of the law.

Business will be part of a new structure the European Commission has set up to facilitate dialogue and the exchange of expertise between those interested in combating tax evasion.

Type of Agreement Country Country Date Signed Double Taxation Avoidance Agreement Isle of Man Seychelles April 13 2013 Double Taxation Avoidance Agreement Isle of Man Luxembourg April 18 2013 Double Taxation Avoidance Agreement Jersey Luxembourg April 18 2013

According to a recent report from the International Monetary Fund (IMF), the end of the double taxation avoidance agreement between India and Mauritius is a high risk that would have a drastic impact on the Mauritian economy.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $1.3 billion Madison Dearborn Partners National Financial Partners Corp Skadden, Arps, Slate, Meagher & Flom; Ropes & Gray Cleary Gottlieb Steen & Hamilton Acquisition Undisclosed KKR SMCP Bredin Prat - Yves Rutschmann; Simpson Thacher & Bartlett; Landwell SJ Berwin; DLA Piper; Shearman & Sterling Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Credit facility $900 million Western Refining Bank of America Davis Polk & Wardwell Vinson & Elkins Notes offering $750 million FedEx Corporation Citigroup Global Markets; Merrill Lynch, Pierce, Fenner & Smith; Goldman Sachs; JP Morgan; Morgan Stanley; Wells Fargo Davis Polk & Wardwell - Lucy Farr Simpson Thacher & Bartlett Refinancing $540 million Rovi Corporation JPMorgan Chase Bank Cooley Davis Polk & Wardwell Initial Public Offering $332 million Biosev BTG Pactual; JP Morgan; Bradesco BBI; Itau BBA Simpson Thacher & Bartlett - Robert Holo, Devin Heckman Senior notes offering $250 million Matterhorn Financing Simpson Thacher & Bartlett - Robert Holo, Jonathan Cantor, Sean FitzGerald Common stock offering Undisclosed Synergy Pharmaceuticals Credit Suisse; Citigroup; Canaccord Genuity Sichenzia Ross Friedman Ference Davis Polk & Wardwell - Kathleen Ferrell, Ankur Dalal Initial Public Offering Undisclosed Rally Software Deutsche Bank; Piper Jaffray Cooley Davis Polk & Wardwell - Rachel Kleinberg

Cyprus has confirmed it will raise the corporate tax rate as part of a package of measures tied to a €10 billion ($13 billion) bailout package.

Javier Hernández Galante will become a partner of Ashurst in Madrid on May 1. He advises national and international clients on the tax aspects of large cross-border transactions, group restructurings, real estate transactions, ship and aircraft financing transactions as well as international tax planning and tax litigation. He joined Ashurst from Uria Menendez in 2006.