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The Internal Revenue Service (IRS) in January introduced new policies designed to tempt whistleblowers with information about possible tax evasion to come forward with the promise of enhanced rewards.

US Senator Carl Levin at a July 12 press conference presented a revised version of his 2009 Stop Tax Haven Abuse Act.

The OECD received 22 different contributions from advisers concerning its June 10 report “Multi-country Analysis of Existing Transfer Pricing Simplification Measures”.

A report released this week by the Oxford University Centre for Business Taxation (CBT), commissioned by the OECD Informal Task Force on Tax and Development, has called for new transparency measures in disclosing tax payments and profits for multinational companies.

Deloitte's new partner is based outside London.

The Australian Taxation Office (ATO) is targeting foreign companies that shift profits offshore to reduce their local tax liability. The application of transfer pricing rules will be reviewed.

Taxpayers in China transferring equity interests in Chinese companies are being advised to conduct appraisals to determine the fair market value of the transferred interest.

The Australian Taxation Office (ATO) is targeting foreign companies that shift profits offshore to reduce their local tax liability.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $465 million Fiserv Inc CashEdge Inc Sullivan & Cromwell - Ronald Creamer Acquisition Undisclosed YuMe Inc Appealing Media Ltd Taylor Wessing - Neil McKnight, James Meakin New Media Law Acquisition Undisclosed CITIC Dicastal KSM Castings Group Hengeler Mueller; Slaughter and May Acquisition Undisclosed Medidata Solutions Inc Clinical Force Ltd Taylor Wessing - James Stewart Taylor Vinters Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Initial public offering $580 million Qualicorp S.A. Merrill Lynch, Pierce, Fenner & Smith; Credit Suisse; Goldman Sachs; Bradesco Securities Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados; Latham & Watkins Davis Polk & Wardwell - Neil Barr, Arie Rubenstein; Lefosse Advogados Global equity offering $379 million BR Properties S.A. Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados; Davis Polk & Wardwell - Lucy Farr, Brian Radigan White & Case; Pinheiro Guimaraes Advogados Global equity offering $372 million Kroton Educacional S.A. Davis Polk & Wardwell - Rachel Kleinberg, Lucy Farr, Michelle Messer, Una Au White & Case; Tauil & Chequer Advogados Initial public offering $246 million Technos S.A. Davis Polk & Wardwell - Rachel Kleinberg, Aharon Illouz, Patrick Sigmon Cleary Gottlieb Steen & Hamilton; Pinheiro Guimaraes Advogados Rights issue Undisclosed Workspace Group plc Investec; Espirito Santo Simmons & Simmons - Nick Cronkshaw, Zoe Arnatov

Type of Agreement Country Country Date Signed Tax information exchange agreement Panama France June 30 2011 Tax information exchange agreement Canada Bermuda July 1 2011