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Ireland has temporarily lowered its VAT rate for a number of businesses including hotels and restaurants from 13.5% to 9% in a bid to boost its tourist industry.

Type of Agreement Country Country Date Signed Tax information exchange agreement Isle of Man Slovenia June 27 2011 Double taxation avoidance agreement Isle of Man Slovenia June 27 2011 Tax information exchange agreement Barbados Denmark (Faroe Islands and Greenland) June 30 2011 Tax information exchange agreement Guernsey Mexico July 3 2011 Tax information exchange agreement Sweden Costa Rica July 4 2011

Raising taxes on mining was a key plank in newly elected Peruvian President Ollanta Humala’s campaign platform. Now that the leftist politician won the resource-heavy South American nation’s highest office, multinational mining firms are squirming about the coming administration’s course of action on taxes.

Baker & McKenzie in Beijing has promoted Jinghua Liu to partner.

The Mumbai tax department, which accounts for 35-40% of the country’s total tax take, plans to collect 17.2% more corporate tax than last year.

In one of the country’s many bids to shed its reputation as a tax haven, Panama inked a double-taxation treaty with Spain on October 7 2010.

India will miss the April 1 2012 deadline for the introduction of the country’s new goods and service tax (GST), the chairman of the Central Board of Excise and Customs said.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $91.6 million British Land Wardrobe Court Freshfields Bruckhaus Deringer - Sarah Falk. Bronwen Petrie-Murray Reorganisation Undisclosed SNCF RATP Bredin Prat - Pierre-Henri Durand, Timur Celik August & Debouzy Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Initial public offering $2.15 billion Prada S.p.A Banca IMI; CLSA Ltd; Goldman Sachs; UniCredit Bank Davis Polk & Wardwell - John Paton, Alon Gurfinkel; Slaughter & May; Bonelli Erede Pappalardo Clifford Chance; Fangda Partners Syndicated facilities agreement $870 million Groupe Steria Bredin Prat - Pierre-Henri Durand, Timur Celik Herbert Smith Convertible notes offering $402.5 million NuVasive Inc Merrill Lynch, Pierce, Fenner & Smith; Goldman, Sachs & Co Davis Polk & Wardwell - Rachel Kleinberg, Catherine Paskoff Chang

Further details of the Australian government’s carbon tax have been revealed, with a finalised plan expected to be released this Sunday, July 10.

Over 200 of Europe’s leading female lawyers, politicians and barristers descended on London’s Claridges hotel on June 29 for Euromoney Legal Media Group’s inaugural Women in Business Law Awards.