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Sead Dado Salkovic Montenegro is showing great interests in all aspects of sport. Many professional athletes perform their activities according to the regulations specified by the general act of sporting organisation. The question is, what about the VAT subsequences of these services?

Thomas Humphreys, Remmelt Reigersman and Jared Goldberger of Morrison & Foerster run through the latest developments for FATCA in the US and explain that foreign financial institutions and withholding agents should benefit from additional time to comply with the rules.

David Cuéllar Claudia Solano The Flat Tax Law was published on October 1 2007, entering into force as from January 1 2008. As part of the transitory provisions of the Flat Tax Law, article 19 establishes that the Mexican tax authorities shall conduct a study showing a comprehensive diagnostic regarding the convenience of repealing certain chapters of the Mexican Income Tax Law (regarding the tax regime applicable to the entities and individuals), to be regulated solely by the Flat Tax Law.

Forget player transfers, it’s transfer pricing that could put Manchester City Football Club under the microscope of football’s governing body, UEFA.

An embedded intangible is an element of another category of transaction, according to Rob Plunkett of Deloitte’s Washington office.

All countries of the Western Balkans tend to harmonise their tax laws with the legislation of the EU and implement necessary measures to attract foreign investors to the local financial market by creating preferential tax regimes. Capital gains laws are no exception to this, believe Slobodan Mihajlovic of Eurofast Taxand and Sead Dado Salkovic of Eurofast Global.

Chiu Wu Hong and Harvey Koenig of KPMG explain how Asian countries are using their tax systems to encourage R&D and pinpoint five steps taxpayers can take to benefit from the new regimes.

Irene Yong of Shearn Delamore & Co investigates the country’s efforts to enhance tax compliance and administration of transfer pricing by analysing the Inland Revenue Board of Malaysia’s decision to introduce measures to investigate cross-border activities.

A case in China highlights that individuals involved in indirect share transfers of Chinese companies, regardless of whether they have been completed or not, are being targeted by the authorities.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $990 million Bloomberg BNA (Bureau of National Affairs) Skadden, Arps, Slate, Meagher & Flom Acquisition $155 million Greenbriar Private Equity LLC Anixter International's (aerospace division) Bredin Prat - Pierre-Henri Durand, Jean-Florent Mandelbaum Bersay & Associes Privatisation Undisclosed IDG Ventures Soko Fitness & Spa Group Davis Polk & Wardwell - Zhan Chen Cleary Gottlieb Steen & Hamilton Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Notes issuance $900 million VF Corporation BofA Merrill Lynch; JP Morgan Davis Polk & Wardwell - Kathleen Ferrell, Jason Chlipala Shearman & Sterling Real estate financing $470 million Societe Generale; DekaBank Deutsche Girozentrale; Corealcredit Bank; Deutsche Postbank Dundee International REIT Hengeler Mueller - Ernst-Thomas Kraft Senior notes offering $400 million The Western Union Company Citigroup Global Markets; Wells Fargo Securities Sidley Austin Davis Polk & Wardwell - Kathleen Ferrell, Kerry Price