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The ECJ has delivered its judgement in National Grid Indus and ruled that taxpayers may opt for deferred payment of corporate exit taxes.

The OECD’s Jeffrey Owens expects to see continued stability in the tax revenues of member countries for 2011 and 2012.

Much has been reported on FATCA, but not on how it breaches the two basic European principles of the right to protect personal data and the free movement of capital.

Mario Monti last year made recommendations that were instrumental in the European Commission’s decision to reform the EU VAT system. Now, as Italy’s new prime minister, predictions are being made as to how he will reform the country’s indirect tax system.

The OECD Corporate Loss Utilisation through Aggressive Tax Planning report issued in August raises a number of policy issues, which no doubt will be considered by many tax policy makers, including the Mexican authorities.

In an exclusive interview, Thomas Neale, head of the CCCTB Task Force in the DG Taxation and Customs Union of the European Commission, argues that eradicating double taxation within the EU is an essential pre-requisite for strengthening the internal market.

Type of Agreement Country Country Date Signed Tax information exchange agreement Canada St. Kitts and Nevis Signed June 14 2010 Entered into force November 21 2011 Tax information exchange agreement China Jamaica November 23 2011

Following last week’s release of a final review into the feasibility of a UK GAAR, the reactions have been wide-ranging, with some fearing the possibility of added complexity and uncertainty. But the head of tax at InterContinental Hotels Group sees no reason why taxpayers should be worried by Graham Aaronson’s report.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $7.2 billion Crestview Partners Samson Investment Company Davis Polk & Wardwell - Mary Conway, Ethan Goldman Acquisition $1.1 billion Safra Group Bank Sarasin & Cie (Radobank Groep) Sullivan & Cromwell - Andrew Solomon, Donald Korb JP Morgan Chase Acquisition $1.1 million Netboss Technologies Inc Sidonis Ltd Morgan Lewis Taylor Wessing - Nikol Davies, James Meakin, Neil McKnight, James Stewart, Ann Casey Acquisition $59 million Velti PLC Mobile Interactive Group (MIG) DLA Piper Taylor Wessing - Robert Young, Ann Casey, Neil McKnight Acquisition Undisclosed Avaya Aurix Taylor Wessing - Neil McKnight, James Meakin Simmons & Simmons Going-private transaction Undisclosed Premium Lead Company Ltd Shanda Interactive Entertainment Ltd Shearman & Sterling Weil Gotshal & Manges; David Polk & Wardwell Acquisition Undisclosed Solvay SA Societe Generale interest in ORBEO SAS Davis Polk & Wardwell Allen & Overy Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Notes offering $500 million Windstream Corporation JP Morgan Securities; BNP Paribas; Citigroup; RBC; RBS; Wells Fargo Skadden, Arps, Slate, Meagher & Flom Davis Polk & Wardwell - Rachel Kleinberg, Ethan Goldman Notes offering $400 million Stanley Black & Decker Inc Citgroup Global Markets; Credit Suisse; Goldman, Sachs & Co Skadden, Arps, Slate, Meagher & Flom Davis Polk & Wardwell - Po Sit, Yuliya Epifantseva Common stock offering Undisclosed Kodiak Oil & Gas Corp Credit Suisse; KeyBanc Capital; RBC; Wells Fargo Dorsey & Whitney; Miller Thomson; Lathrop & Gage Davis Polk & Wardwell - Samuel Dimon, Changsheng Song; McCarthy Tetrault Secondary offering Undisclosed MoneyGram International Inc Morgan Stanley; Goldman, Sachs; Merrill Lynch; JP Morgan; Wells Fargo Davis Polk & Wardwell - Harry Ballan, Isaac MacDonald Initial public offering Undisclosed Intermolecular Inc Morgan Stanley; JP Morgan Securities; Barclays Capital Davis Polk & Wardwell - Rachel Kleinberg, Una Au

Canadian lawyer Elinore Richardson has joined Austrian law firm, Wolf Theiss.