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Taxpayers can expect the US Internal Revenue Service (IRS) to announce its new head of the advance pricing agreement programme by the end of January.

The Supreme Court of Canada met last week to hear the Canadian Revenue Authority’s (CRA) appeal and GlaxoSmithKline’s (GSK) response in a case to decide whether GSK paid too much for active pharmaceutical ingredients (API) from a Swiss associated enterprise.

Insurance giant Aon has denied that tax is the reason why it is relocating its global headquarters from Chicago to London, but documents seen by International Tax Review suggest otherwise.

The head of the global tax practice at Ernst & Young is to become the firm’s chairman and chief executive officer next year.

As the dollar and the euro increase the value of the real, the Brazilian government has introduced measures to stem any further appreciation.

The Supreme Court of Canada met last week to hear the Canada Revenue Agency's (CRA) appeal and GlaxoSmithKline’s (GSK) response in a case about whether the taxpayer paid too much for active pharmaceutical ingredients (API) from a Swiss associated enterprise.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition (50% stake) $1.68 billion Abraaj Capital Ltd Acibadem Saglik Yatirimlari Holding AS WongPartnership - Ng Wai King & Andrew Ang Acquisition $930 million Raymond James Financial Morgan Keegan & Company (Regions Financial) Morrison & Foerster Sullivan & Cromwell Acquisition $225 million Fossil Skagen Designs Haynes and Boone Fenwick & West - David Forst & Larissa Neumann Acquisition $133 million Flamegold St Patrick's Garden WongPartnership - Tan Kay Kheng & Monica Yip De Souza Lim & Goh - David De Souza Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Notes Offering $2.25 billion Export-Import Bank of Korea BNP Paribas, Citigroup, Deutsche Bank, Merrill Lynch, RBS, Davis Polk & Wardwell Senior Notes Offering $1.55 billion AmeriGas Credit Suisse, J.P. Morgan, Citigroup, Wells Fargo Shearman & Sterling / Morgan, Lewis and Bockius Davis Polk & Wardwell - Lucy Farr & Isaac MacDonald Rights issue $270 million GMG Global DBS Bank Ltd WongPartnership - Tok Boon Sheng

Type of Agreement Country Country Date Signed Double Taxation Avoidance Agreement Hong Kong Netherlands Entered into force January 1 2012 Tax Information Exchange Agreement Argentina Guernsey Entered into force January 4 2012 Double Taxation Avoidance Agreement Albania Germany January 9 2012

Salans has strengthened its Polish practice with the appointment of new partner Cezary Przygodzki.

Speaking to International Tax Review, Pascal Saint-Amans, the incoming head of tax policy and administration at the OECD, highlighted the goal of replacing aid with tax collection. But what will it mean for taxpayers?