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Foley & Lardner has expanded its tax practice in Silicon Valley with the hire of new partner Fred Adam.

Patrick Connolly has joined DLA Piper as a partner in the firm’s tax practice in Los Angeles.

Irish taxpayers will be requested to perform a self-review of their compliance with the Irish transfer pricing rules under a new initiative announced by the Irish Revenue Commissioners.

The Canada Revenue Agency (CRA) has issued a transfer pricing memorandum, endorsing the OECD’s arm’s-length principle and including significant changes in the Canadian transfer pricing regime.

Ireland-US FATCA agreement; UK & Ireland tax accounting standards; UK Autumn Statement; Germany-Switzerland tax agreement; Indian reverse charge mechanism; OECD VAT guidelines; Holding companies and VAT groups; and Strategic dividend distribution.

Type of Agreement Country Country Date Signed Double Taxation Avoidance Agreement Taiwan Thailand November 30 2012 Double Taxation Avoidance Agreement Bahrain Barbados December 3 2012 Tax Information Exchange Agreement Cayman Islands Italy December 3 2012

TYPE OF DEAL VALUE ACQUIRER TARGET ADVISER TO ACQUIRER (TAX) ADVISER TO TARGET (TAX) Acquisition $2.8 billion Baxter International Gambro Kirkland & Ellis / Vinge Linklaters Cooperation Agreement $1.94 billion TenneT TSO Statnett / KfW IPEX-Bank Hengeler Mueller - Martin Klein Acquisition $1.45 billion Global Logistic Properties Prosperitas Investimentos Lefosse Advogados - Gustavo Haddad, Bruno Carramaschi Acquisition $1.45 billion Saputo Morningstar Foods Jones Day / Stikeman Elliott Skadden Arps Slate Meagher & Flom Merger $708.4 million PMI Gold Keegan Resources Stikeman Elliott - John Lorito, Katy Pitch McMillan Merger $668 million TD Bank Group Epoch Holding Simpson Thacher & Bartlett Skadden, Arps, Slate, Meagher & Flom Acquisition $555.7 million Osisko Mining Queenston Mining Fraser Milner Casgrain Stikeman Elliott - Dean Kraus, John O’Connor Acquisition $500 million Harry Winston Diamond Mines BHP Billiton (EKATI Diamond Mine) Borden Ladner Gervais Davies Ward Phillips & Vineberg Acquisition $287.7 million U-Shin Valeo (Access Mechanisms Business) Davis Polk & Wardwell Acquisition $165 million Onex BBAM Davis Polk & Wardwell - Mary Conway, Gregory Hannibal TYPE OF DEAL VALUE ISSUER / BORROWER LEAD MANAGERS / ARRANGERS ADVISER TO ISSUER / BORROWER ADVISER TO LEAD MANAGERS Refinancing $1.25 billion OSI Group Hengeler Mueller Notes Offering $287.5 million Comcast Merrill Lynch / Morgan Stanley / UBS / Wells Fargo Davis Polk & Wardwell - Rachel Kleinberg Cahill Gordon & Reindel Offer For Sale $174.8 million Blue Dart Express Citigroup Linklaters Amarchand Mangaldas / Cleary Gottlieb Steen & Hamilton Qualified Institutional Placement $159.5 million Mahindra and Mahindra Financial Services Kotak Mahindra / Citigroup / Deutsche / HSBC / JM Financial Khaitan & Co Amarchand Mangaldas / Jones Day Share Offering $94 million OceanaGold Citigroup / Macquarie Capital Fasken Martineau / Allens Linklaters / Sullivan & Cromwell King & Wood Mallesons / Stikeman Elliott / Dorsey & Whitney

Michael Noonan, Ireland’s Finance Minister, reiterated the country’s commitment to its 12.5% corporate income tax rate last week. The commitment was the headline announcement in the country’s latest austerity budget.

Ireland has become the latest jurisdiction to agree to an intergovernmental agreement (IGA) with the US to implement the Foreign Account Tax Compliance Act (FATCA).

Tax accounting standards will change in the UK and Ireland as a result of the publication of FRS 100 Application of Financial Reporting Requirements by the Financial Reporting Council (FRC).