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The Czech Republic is to set up a new specialised tax authority, for enterprises whose annual turnover is more than CZK2 billion ($115 million).

Two of India’s leading tax officials have warned taxpayers that poor documentation and misleading information will be pounced upon by the tax department.

Caroline Silberztein, head of the OECD’s transfer pricing unit, hinted that credit ratings and guarantee fees may be the next project for the OECD, after the transfer pricing aspects of intangibles.

Richard Asquith of TMF Group says the EU’s VAT recovery system is not working properly only two days before the latest deadline

Type of Agreement Country Country Date Signed Double Taxation Avoidance Agreement Hong Kong Portugal March 22 2011

Jeroen Bijl of PwC in the Netherlands discusses the VAT issues that prompted the Dutch Supreme Court to refer the Van Laarhoven case to the European Court of Justice

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $2.4 billion eBay Inc GSI Commerce Inc Davis Polk & Wardwell - Rachael Kleinberg, Ryan LaRosa; Dewey & LeBoeuf Morgan, Lewis & Bockius Acquisition $1.1 billion Advantest Corporation Verigy Ltd Skadden, Arps, Slate, Meagher & Flom Wilson Sonsini Goodrich & Rosati Acquisition $313.5 million Host Hotels & Resorts Inc New York Helmsley Hotel Davis Polk & Wardwell Skadden, Arps, Slate, Meagher & Flom Acquisition Undisclosed Odewald KMU Polytech Ophthalmologie GmbH (Reese family) Hengeler Mueller - Matthias Scheifele Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Subscription rights capital increase $7 billion Porsche Automobil Holding SE N/A Hengeler Mueller - Ernst-Thomas Kraft, Mathias Link N/A Refinancing $3.25 billion Warner Chilcott plc Bank of America, NA; Credit Suisse AG Davis Polk & Wardwell - Michael Mollerus, Craig Phillips Cahill Gordon & Reindel 3-year revolving credit agreement $1.125 billion National Rural Utilities Cooperative Finance Corporation (NRUCFC) JP Morgan Securities; RBS Securities; The Bank of Nova Scotia Dewey & LeBoeuf Davis Polk & Wardwell Public offering $1.107 billion HCP Inc BofA Merrill Lynch Skadden, Arps, Slate, Meagher & Flom - John Rayis SEC-registered offering $400 million Genworth Financial Inc Deutsche Bank Securities; Goldman, Sachs & Co. Weil, Gotshal & Manges Davis Polk & Wardwell - Lucy Farr, Jason Chlipala Convertible senior notes offering $115 million Photronics Inc JP Morgan Securities Davis Polk & Wardwell - Rachael Kleinberg, Ryan LaRosa Kelley Drye & Warren SEC-registered offering $86.25 million Hawaiian Holdings Inc UBS Securities Wilson Sonsini Goodrich & Rosati Davis Polk & Wardwell - Lucy Farr, Juelle Gomes

The US Treasury’s top tax policy official has responded to recent calls by lawmakers and businesses for a repatriation tax holiday.

Australia has moved one step closer to reforming resource taxes with the government’s acceptance of the Policy Transition Group’s (PTG) 98 recommendations.

Francisco Picó has been appointed partner at Cuatrecasas, Gonçalves Pereira. The appointment was made at the firm’s partners’ assembly in Madrid on March 24 and 25.