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French President Nicolas Sarkozy has followed through with his promise to go it alone with a financial transactions tax (FTT). The announcement has already hit shares in the banking sector, but France should weather the short-term pain to see long-term gain.

Type of Agreement Country Country Date Signed Double Tax Avoidance Agreement Georgia India Entered into force January 21 2012 Double Tax Avoidance Agreement Mexico Ukraine January 23 2012 Tax Information Exchange Agreement Bermuda South Korea January 23 2012 Tax Information Exchange Agreement Bermuda Turkey January 23 2012 Tax Information Exchange Agreement Gibraltar Malta January 24 2012 Tax Information Exchange Agreement India Macau January 25 2012

Taxpayers in the US should expect greater uncertainty, challenges to their tax planning and heavy penalties if the Supreme Court rules in favour of the IRS in the long-running Home Concrete dispute.

The British emergency services telephone number is 999. In times of trouble, this is the number that is relied on for help and, interestingly enough, this same number was the initial spark that propagated the focus on a particularly troublesome issue in the US – corporate tax reform.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $3.94 billion TonenGeneral ExxonMobil Nishimura & Asahi Acquisition $3.9 billion ABB Thomas & Betts Kirkland & Ellis Davis Polk & Wardwell Acquisition $1.5 billion Pan American Silver Minefinders Borden Ladner Gervais / Skadden, Arps, Slate, Meagher & Flom Stikeman Elliot - Dean Kraus, Jonathan Willson, John O’Connor Acquisition $1.16 billion Amgen Micromet Sullivan & Cromwell - Ronald Creamer Cooley Acquisition $1.15 billion Bosch SPX Dorsey & Whitney Fried, Frank, Harris, Shriver & Jacobson Acquisition $350 million Celgene Avila Therapeutics Dechert Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Establishment of debt issuance platform $3.7 billion Associated British Ports Barclays / Bank of America Merrill Lynch / Lloyds / RBS Freshfields Bruckhaus Deringer Clifford Chance Senior unsecured bridge loan facility $3.5 billion Eastman Chemical Company Citigroup / Barclays Jones Day Davis Polk & Wardwell Tier 1 Offering $1 billion Banco do Brasil BB Securities / BNP Paribas Securities / Citigroup / HSBC Securities / Standard Chartered Clifford Chance / Campos Mello Advogados / Ogier Davis Polk & Wardwell - Po Sit, Michael Bretholz

International Tax Review has compiled a special free pdf report on Vodafone’s Indian Supreme Court victory. View the ruling, read what industry had to say, and uncover what this decision means for your business.

Historically, Sweden has been seen as something of a tax haven, at least in terms of the availability of interest deductions. However, David Perrone and Anna Karlgård, of KPMG, explain why this will soon change.

The way tax administrations select transfer pricing cases for audit varies dramatically in sophistication across the world. Learning their tactics is vital for taxpayers looking to avoid the scrutiny of revenue-hungry officials.

International Tax Review has compiled a special free pdf report on Vodafone’s Indian Supreme Court victory. View the ruling, read what industry had to say, and uncover what this decision means for your business.

Liz Douglas has joined WTP Advisors UK as a tax compliance manager. She was formerly with Grant Thornton and before that, BDO and Mazars. She is a chartered certified accountant and chartered tax adviser.