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HM Revenue & Customs today released the long-awaited consultation document on the UK general anti-abuse rule (GAAR).

The US House Ways and Means Subcommittee on Select Revenue Measures convened on Friday to discuss the framework within which expiring tax extenders should be evaluated.

The Canada Revenue Agency (CRA) has recently announced that it will discontinue its practice of confirming the classification of foreign entities for Canadian tax purposes.

The European Financial Reporting Advisory Group (EFRAG), which advises the European Commission on International Financial Reporting Standards, is concerned that the International Accounting Standards Board (IASB) has not considered fully its proposed changes to IAS 12, which deals with accounting for income taxes.

A Bill sent to Dutch parliament last week seeks to restrict interest expense deductions for debt used to finance qualifying participations.

With just 10 months to go before India introduces its general anti-avoidance rule (GAAR), Gautam Doshi, group managing director at Reliance Group, outlines the five challenges CFOs and tax directors need to confront to be GAAR-compliant.

India has established the team that will negotiate the first advance pricing agreements (APA) since the measure was introduced in the budget in March, though there is speculation that the members will be responsible for unilateral agreements only.

A focus on Hong Kong's network of double taxation agreements (DTAs) and why it wants an Islamic bond market.

Analysis of the ECJ EDF state aid tax benefit ruling, the OECD’s efforts to improve VAT policy in Africa, and Sweden’s decision to cut its corporate tax rate were just three articles that dominated ITR Premium last week.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $3.9 billion Sberbank DenizBank Linklaters White & Case Acquisition $2.6 billion CGI Logica Sullivan & Cromwell Freshfields Bruckhaus Deringer Acquisition $1.72 billion Leonard Green / TPG Capital Savers Sullivan & Cromwell - Andrew Mason, David Passey Acquisition $442 million Genivar WSP Linklaters Nabarro Acquisition $395 million Air Liquide LVL Médical Bredin Prat - Pierre-Henri Durand De Pardieu Brocas Maffei Acquisition $130 million Morgan Stanley SandRidge Energy Covington & Burling - Robert Heller Acquisition Undisclosed UCB Meizler Biopharma Covington & Burling Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Credit Facility $6.25 billion Comcast JP Morgan Davis Polk & Wardwell - Rachel Kleinberg Simpson Thacher & Bartlett Notes Offering $2.4 billion Eastman Chemical Company Barclays / Citigroup / J.P. Morgan / Merrill Lynch / Morgan Stanley / RBS / Wells Fargo Jones Day Davis Polk & Wardwell - Kathleen Ferrell Notes Offering $500 million BRF - Brasil Foods BB Securities / HSBC / Itau BBA / Santander Simpson Thacher & Bartlett / Machado, Meyer, Sendacz e Opice Davis Polk & Wardwell - Samuel Dimon