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European tax officials gave delegates at the Global Transfer Pricing Forum last week an insight into the issues they look for when assessing taxpayers.

A panel at the Global Transfer Pricing Forum in London last week took a look at financial valuation methods for intangibles and found that they interacted surprisingly well with transfer pricing methods.

One of the few transfer pricing cases to go to trial in the US in the last decade has won an award from International Tax Review for Symantec, the taxpayer at the centre of the litigation.

If recent developments on the issue of a financial transactions tax (FTT) teach us nothing else, it is that France and Germany are wholeheartedly committed to the idea, despite the continued opposition of others.

The Scottish Chamber of Commerce has urged members of the Scottish parliament (MSPs) to carefully consider the proposed devolution of powers over corporate tax in the Scotland Bill.

Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Notes offering $5 billion Intel Corporation Citigroup Global Markets; Goldman Sachs; Merrill Lynch Gibson, Dunn & Crutcher Davis Polk & Wardwell - Rachel Kleinberg, Una Au Global bond offering $2 billion Province of Ontario Barclays Bank; Merrill Lynch; Goldman Sachs; RBC Capital Markets Davis Polk & Wardwell Notes offering $2 billion Rio Tinto Barclays Capital; BNP Paribas; Morgan Stanley; Citigroup; HSBC Securities Davis Polk & Wardwell - John Paton, Adam Perry Senior unsecured notes offering $1.2 billion Xylem JP Morgan; RBS Securities; Wells Fargo Securities Simpson Thacher & Bartlett Davis Polk & Wardwell Global bond offering $750 million Province of British Columbia Merrill Lynch, Pierce, Fenner & Smith; CIBC World Markets Corp; HSBC Securities; RBC Capital Markets Davis Polk & Wardwell Senior unsecured notes offering $650 million Exelis Barclays Capital; Citigroup Global Markets; JP Morgan Securities Simpson Thacher & Bartlett Davis Polk & Wardwell Notes offering $400 million Kansas City Power & Light Barclays Capital; RBS Securities; Wells Fargo Securities Dewey & LeBoeuf Davis Polk & Wardwell - Rachel Kleinberg, Una Au

Delegates at International Tax Review's Global Transfer Pricing Forum in London last week had many questions and concerns about transfer pricing that ranged from intangibles to financial transactions.

Type of Agreement Country Country Date Signed Tax information exchange agreement China Cayman Islands September 26 2011 Double taxation avoidance agreement Russia Switzerland September 25 2011

President Obama’s tax reform proposals for the US include transfer pricing provisions which promise to reduce the nation’s deficit by $24 billion over 10 years.

Taxpayers in the emerging BRIC economies need to be aware that face-to-face interaction with officials will reduce the length of transfer pricing disputes, says panel.