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A series of articles from KPMG's Global Indirect Tax Services's group on the complex challenges companies face as the global shift to indirect tax impacts Latin America. Each article covers one of 21 jurisdictions, from Argentina to Venezuela.

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.

Bill McKinzie, managing director, government for the tax & accounting business of Thomson Reuters provides an overview of how technology is helping to guide governments with property assessment, property valuation and revenue collection.

The UK government has released draft legislation for the Finance Bill 2013, marking the start of the consultation period for measures announced in last week’s Autumn Statement. The corporate tax cut – to 21% from April 2014 – was confirmed.

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

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

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.

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).