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  • Over the last 12 months there have been significant changes to Russian tax law that have altered investors’ risk exposure. Maureen O’Donoghue and Vladimir Zheltonogov of Ernst & Young run through these changes and offer advice on how to minimise this risk.
  • India’s Central Board of Direct Taxes has issued stringent reporting requirements for liaison offices (LOs) which advisers believe will lead to disputes and protracted proceedings.
  • Jack Grocott speaks to Diego Gonzalez-Bendiksen, the head of the Colombian tax office’s (DIAN) international audit unit, about the future of compliance and why he is scrutinising M&A activity.
  • As the transaction market continues to recover from the global recession, and struggles to overcome obstacles thrown up by the eurozone crisis, Matthew Gilleard talks to some of North America’s leading advisers to see how such challenges are being overcome, and what lessons they have to take forward into 2012.
  • A report from the Tax Justice Network (TJN) has piled criticism on the OECD’s methods of tackling tax haven secrecy. It has drawn the ire of the organisation’s head of tax, Pascal Saint-Amans, and deepened a growing divide between the two camps on how best to stamp out avoidance.
  • Rolf Wüthrich, of burckhardt, examines the process of corporate immigration of existing companies into Switzerland as an alternative to establishing a new Swiss company when seeking a tax efficient reorganisation.
  • Hans Grimbergen and Ivo Middelink of Ernst & Young look at the impact of Dutch Supreme Court rulings limiting the tax authorities’ ability to use transfer pricing principles to challenge related-party debt financing, and examine recently introduced rules on leveraged acquisition vehicles.
  • In Mexico, earn-out in transactions is an effective and productive tool that reduces the valuations gaps and allows the risk of the operation to be shared with the seller. However, Yazmin Caceres of PwC explains that before embarking on this route, analysing the tax consequences is vital.
  • M&A activity in India has significantly contributed to consistent economic growth over the past 20 years. This growth has led to increased evasion and avoidance and the government is now clamping down on transactions. Praveen Bhambani and Dheeraj Chaurasia of PwC discuss the significant developments on the Indian M&A tax front.
  • Moves towards greater tax harmonisation in the EU make Europe a particularly interesting market for conducting transactions. Salman Shaheen examines the legislation and developments that will present new challenges and opportunities for taxpayers looking to do a better deal.