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The OECD’s Global Forum on Tax Transparency has welcomed its two newest members – Burkina Faso and Cameroon.

KPMG has appointed Michael Anderson from Dorsey & Whitney to fill the firm’s newly-created position as head of direct tax litigation in the UK.

The report of Parthasarathi Shome and his expert committee, which recommended that retrospective application of the tax law should only be used in the “rarest of rare” cases has been welcomed by taxpayers craving certainty in their Indian tax affairs. International Tax Review speaks with the author about the likely implications of his report.

The OECD has published proposals regarding possible revisions of the rules to determine the beneficial owners of dividends, interest and royalties.

UK publishers are concerned that Amazon is charging them 20% VAT on e-books even though the online retailer only has to pay 3% itself. But Amazon’s monopoly means digital publishers can do little to level the playing field without wider reform.

Portugal’s draft 2013 budget, released last week, has sparked unrest and protest because of the extreme austerity measures it included. While most of the anger stems from individual taxpayer provisions, corporates have not escaped unscathed either.

The financial transaction tax (FTT) is set be introduced by 11 EU member states after they officially applied to the European Commission to proceed under enhanced cooperation.

US banks' effective tax rates; Starbucks, tax and CSR; Business Roundtable criticises Washington; Sales tax struck down in Egypt; Portugal's plans for FTT; Canadian Supreme Court favours GSK; How to manage tax disputes in Italy

TYPE OF DEAL VALUE ACQUIRER TARGET ADVISER TO ACQUIRER (TAX) ADVISER TO TARGET (TAX) Acquisition $20.1 billion Softbank Sprint Nextel Morrison & Foerster Skadden Arps Slate Meagher & Flom Acquisition $2.6 billion Cencosud Carrefour (Colombia) Philippi / Allen & Overy Baker & McKenzie / Bredin Prat Acquisition $2.54 billion ASML Holding Cymer Skadden, Arps, Slate, Meagher & Flom Sullivan & Cromwell - Ronald Creamer Acquisition $865 million ACE Group Ally Financial Sullivan & Cromwell - Andrew Solomon / Mayer Brown Acquisition $285 million Oiltanking GmbH Chemoil Energy WongPartnership Acquisition $282.9 million Homestead Land Holdings ELAD Canada Soloway Wright Stikeman Elliott Acquisition $166.1 million Kingdom Hotels Four Seasons Hotel Stikeman Elliott / Hogan Lovells Goodmans Acquisition $125 million Johnson Controls A123 Systems Wachtell, Lipton, Rosen & Katz - Eiko Stange Lazard / Alvarez & Marsal Merger $101 million BioCryst Pharmaceuticals Presidio Pharmaceuticals Wachtell, Lipton, Rosen & Katz - Deborah Paul Cooley TYPE OF DEAL VALUE ISSUER / BORROWER LEAD MANAGERS / ARRANGERS ADVISER TO ISSUER / BORROWER ADVISER TO LEAD MANAGERS Acquisition Financing $2.5 billion Cencosud JPMorgan Chase / National Association / JP Morgan Milbank, Tweed, Hadley & McCloy / Philippi / De Brauw Blackstone Westbroek / Posse, Herrera & Ruiz Carey y Cía / Nauta Dutilh / Martinez Neira / Davis Polk & Wardwell Equity Offering $1.25 billion Mexichem Citigroup / HSBC / JP Morgan / Morgan Stanley Davis Polk & Wardwell / White & Case Cleary Gottlieb Steen & Hamilton / Ritch Mueller Spinoff $1 billion Murphy Oil USA Davis Polk & Wardwell - Kathleen Ferrell Senior Notes Offering $400 million PPL Capital Funding Mitsubishi UFJ / Morgan Stanley / RBC Capital / Wells Fargo Davis Polk & Wardwell - Samuel Dimon Sullivan & Cromwell Convertible Senior Notes Offering $396.8 million Stillwater Mining Credit Suisse / Wells Fargo Skadden, Arps, Slate, Meagher & Flom Davis Polk & Wardwell - Lucy Farr, Harry Ballan

Type of Agreement Country Country Date Signed Double Taxation Avoidance Agreement Cyprus Estonia October 17 2012