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Swiss tax practitioners have expressed concern that the nation’s attractive corporate tax code might soon prove detrimental for their country. Switzerland is already on a black list in Italy and tax professionals think it may soon be added to those of other European countries.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Takeover bid $57 million Paladin Labs Inc Alexa Life Sciences Inc Davies Ward Phillips & Vineberg Acquisition $20 million Barrick Gold Corporation Carpathian Gold Inc Davies Ward Phillips & Vineberg Acquisition Undisclosed Hewlett-Packard Company Autonomy Corporation plc Skadden, Arps, Slate, Meagher & Flom - Paul Oosterhuis, Matthew Rosen, Hal Hicks Minority investment Undisclosed Boston Celtics Comcast SportsNet New England Davis Polk & Wardwell - Neil Barr, Kay Ng Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Senior unsecured revolving credit facilities $500 million Thomas & Betts Corporation Wells Fargo Bank; JP Morgan Chase Bank Davis Polk & Wardwell - Lucy Farr, Adam Perry, Sarah Joy Robinson, Bradshaw & Hinson; Sidley Austin Initial public offering $71.9 million Carbonite Inc Merrill Lynch, Pierce, Fenner & Smith; JP Morgan Securities Foley & Lardner Davis Polk & Wardwell - Neil Barr, Lauren Murphey

Draft legislation has been issued by the Australian government which proposes changes to the income tax treatment of investment income from foreign managed funds. The changes will make the use of Australian-based fund managers more attractive for foreign-based funds.

Deloitte has announced the hire of Nigel Roberts, previously tax director at Lloyds Banking Group. He will be tasked with driving the firm’s VAT practice in Scotland and will be based in the firm’s Edinburgh office.

Businesses in some parts of England will be looking forward to lower tax bills, after the government announced the creation of 11 new Enterprise Zones - in addition to the 11 created earlier this year.

Janne Omsland, a senior tax manager with Deloitte in Oslo, is leaving to join the Norwegian Tax Administration in the role of senior tax lawyer.

Type of Agreement Country Country Date Signed Tax information exchange agreement Bermuda Czech Republic August 15 2011 Tax information exchange agreement Argentina Bermuda August 22 2011

Gregory Barton has joined the firm and will be based in the Chicago office. He will operate in both the transfer pricing and tax controversy and dispute resolution practices.

Caroline Silberztein is a big name in transfer pricing circles. As head of the OECD’s transfer pricing unit she has helped shape the way the world approaches and applies transfer pricing guidelines for the past 10 years.

Who will come out on top in International Tax Review's Americas Tax Awards this month?