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A new transfer pricing consultancy opened its doors in Amsterdam on November 1.

Nidera, an Argentine grain producer and distributor, is being investigated by the Argentine revenue authority (AFIP), after being accused of transfer pricing manipulation.

The most recent set of US competent authority statistics, for fiscal year ending September 30 2010, show the authority completed more cases than in any of the previous five years but the overall processing time has increased.

The Indian tax department has released a five-year vision statement, which mentions forming a group of experts, by March this year, to tackle tax leakage and transfer pricing.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Merger $26 billion Duke Energy Progress Energy Wachtell, Lipton, Rosen & Katz - Deborah Paul, Vincent Kalafat Hunton & Williams Acquisition $5.8 billion DuPont Danisco Skadden, Arps, Slate, Meagher & Flom - David Rievman, Regina Olshan Deutsche Bank AG Acquisition $1.2 billion iGate Corporation Patni Computer Systems Ernst & Young Ambit Capital Acquisition Undisclosed Icon Acquisition Holdings Playboy Enterprises Sheppard, Mullin, Richter & Hampton Skadden, Arps, Slate, Meagher & Flom - Rodd Schreiber Acquisition Undisclosed Apax Partners Takko Holding GmbH (Advent International) Wolf Theiss - Benjamin Twardosz, Clemens Schindler Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Outstanding Notes Offering $800 million El Paso Corporation Citigroup Global Markets and RBC Capital Markets Davis Polk & Wardwell - Po Sit Public Offering $117 million Webster Financial Corporation Barclays Capital Hogan Lovells Davis Polk & Wardwell - William Weigel

The Saudi government has clarified procedures for claiming withholding tax refunds after the publication of a notice on the topic last year.

Indonesia has moved to boost Islamic finance by proposing a series of tax incentives for the sector. The incentives are likely to stimulate sukuk issuance.

A report prepared for a meeting of the heads of EU governments last month shows that the profits of leading banks could be hit hard by new bank levies.

Hannes Snellman has added tax to its office in Copenhagen with the recruitment of Nikolaj Bjornholm, who was a partner of Bech-Bruun. He specialises in cross-border transactions for international and domestic industrial and private equity clients, structured products and tax controversy.

The freshly sworn-in House of Representatives has already voted on regulatory reform in the new year that will affect the way in which tax and spending proposals become legislation in the US.