Search results for

Foster's Brewing Group has said it received a favourable judgment from the Full Federal Court of Australia on April 8 in a dispute with the tax authorities over a tax assessment relating to the funding of its Elders Finance Group in the 1980s and 1990s.

The Department of Finance in Dublin said it is unlikely to adopt the recommendations of a group of six Irish charities to adapt the transfer pricing regime.

A new tax law is effective in Qatar with specific transfer pricing implications, including advance rulings.

Media company, Bloomberg, will not appeal a Russian court decision that said its Russian operations constituted a permanent establishment (PE).

Senior Principal, Steve Harris, based in New York, will lead a new Global Transfer Pricing Services India (GTPS) initiative. Harris will work with Rohan Phatarphekar (GTPS leader – India) and the KPMG India team on behalf of all KPMG member firms.

The number of field audits may be increasing globally, but the auditors’ approach in each jurisdiction is not the same.

Companies may get an incentive to look at the UK more favourably when making investment decisions if reports in the media are to be believed.

With more economic activity comes more pressure on tax directors to be certain that the processes, systems and structures they have in place will help them achieve tax-efficient outcomes.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $4.9 billion Solvay Rhodia Freshfields, Bruckhaus & Deringer; Gide Loyrette Nouel - Laurent Modave; Loyens & Loeff - Christophe Laurent Bredin Prat - Julien Gayral, Jean-Florent Mandelbaum Merger $2.35 billion Diamond Foods Pringles (Procter & Gamble) Fenwick & West - Michael Solomon, Will Skinner Acquisition $500 million Safran SNPE Matériaux Energétiques Gide Loyrette Nouel - Guillaume Jolly, Marina Rodrigues Bredin Prat - Pierre-Henri Durand, Magali Buchert Acquisition $169 million Watts Water Technologies Danfoss Socla Bredin Prat - Julien Gayral Acquisition $60.75 million Swiss Liberty Sdn Bhd (TA Global Bhd) Swissôtel Kunshan (Kingdom Hotel Investments) Blake Dawson Hogan Lovells - Philip Gershuny Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Acquisition financing $2.05 billion Diamond Foods Bank of America; Merrill Lynch, Pierce, Fenner & Smith Fenwick & West Davis Polk & Wardwell - Avishai Shachar, Michael Bretholz Secondary offering $1.2 billion Repsol YPF Credit Suisse; Deutsche Bank; Goldman Sachs; Itau BBA; Morgan Stanley; Raymond James; Santander Investment Davis Polk & Wardwell - Mary Conway, Rachel Kleinberg, Rhiannon Nakano Simpson Thacher & Bartlett SEC-registered secondary offering $1 billion NXP Semiconductors NV Credit Suisse Securities; Goldman Sachs & Co; Morgan Stanley & Co Simpson Thacher & Bartlett Davis Polk & Wardwell - John Paton, Adam Perry SEC-registered offering $450 million Verisk Analytics Merrill Lynch, Pierce, Fenner & Smith; JP Morgan Securities Davis Polk & Wardwell - Harry Ballan, Juelle Gomes Skadden, Arps, Slate, Meagher & Flom Term loan credit facility $325 million Western Refining Bank of America Davis Polk & Wardwell - Catherine Paskoff Chang, Juelle Gomes Shearman & Sterling

Type of Agreement Country Country Date Signed Double Taxation Avoidance Agreement Macedonia Kosovo April 6 2011 Tax Information Exchange Agreement Isle of Man Mexico April 11 2011