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HM Revenue & Customs has updated the guidance in its international manual for taxpayers, including changes to the transfer pricing provisions.

Werner Stuffer has joined Ernst & Young Terco in Brazil as head of the transfer pricing practice and European inbound business. He was formerly at PwC in Germany and before that worked for Siemens for more than 12 years, where he finished as vice-president, international tax.

US Customs and Border Protection (CBP) is inviting public comment on its decision to reconsider its approach to post-import value adjustments.

Joseph Andrus, the new head of the OECD’s transfer pricing unit, has negotiated high profile transfer pricing cases for some of the biggest companies in the world but he was no match for French immigration, arriving one week late to his post.

Cristiane Magalhães and Angélica Santos of Machado Associados, Brazil, comment on the main aspects and difficulties of the adjustments to business conditions allowed by the Brazilian transfer pricing legislation in part two of a two-part investigation.

Jeroen Bijl of PwC takes a look at the VAT changes in the Dutch Tax Package 2012

Algirdas Šemeta, European Commissioner for Taxation and Customs Union, Audit and Anti-Fraud will propose broad objectives for the future VAT system by the end of the year.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $3.9 billion The Carlyle Group; Hellman & Friedman Pharmaceutical Product Development (PPD) Skadden, Arps, Slate, Meagher & Flom; Wyrick Robbins Yates & Ponton Acquisition $1.33 billion Minmetals Resources Ltd Anvil Mining Ltd Davies Ward Phillips & Vineberg Acquisition $775 million Toyo Seikan Kaisha Ltd Stolle Machinery Company (GSO Capital Partners LP) Davis Polk & Wardwell - Rachel Kleinberg, William Curran Kirkland & Ellis Acquisition $725 million Iochpe Holdings Hayes Lemmerz International Skadden, Arps, Slate, Meagher & Flom - Andre LeDuc Acquisition $550 million Sonoco Products Company Tegrant Corporation (Metalmark Capital) Davis Polk & Wardwell - Kathleen Ferrell Recapitalisation investment $175 million Thomas H Lee Partners First Bancorp Davis Polk & Wardwell; Weil Gotshal & Manges K&L Gates Acquisition Undisclosed Synopsys Inc Extreme DA Corporation Fenwick & West - Adam Halpern, Natalie Pardo de Zela Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Acquisition financing $1.23 billion Providence Equity Partners (acquiring Blackboard) Bank of America, NA; Deutsche Bank Securities; Morgan Stanley Senior Funding Inc Weil, Gotshal & Manges; Dewy & LeBoeuf Davis Polk & Wardwell - Michael Farber, Una Au Credit facility $750 million Micro Inc The Bank of Nova Scotia Davis Polk & Wardwell - Rachel Kleinberg Mayer Brown SEC-registered notes offering $400 million Bemis Company Inc JP Morgan Securities; Merrill Lynch, Pierce, Fenner & Smith; Wells Fargo; BNP Paribas Foley & Lardner Davis Polk & Wardwell - Michael Farber, Juelle Gomes

China’s State Council has confirmed that the recently trialled resource tax on domestic sales of crude oil and natural gas will be extended nationally from November 1.

HM Revenue & Customs has been denied leave to appeal by the UK Upper Tier Tax Tribunal in a VAT case against Med Hotels, now called Secret Hotels 2, worth £7 million ($11 million).