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Praxair’s settlement of various income tax disputes with the Spanish government will cost it about $500 million, the company announced yesterday.

The US Senate yesterday approved tax cut legislation crafted by the White House and Congressional Republican leaders.

Cheil Communications India, a subsidiary of South Korea’s largest advertising agency, has won its appeal at the Indian Income Tax Appellate Tribunal (ITAT) over pass-through costs in a case that sets a precedent for future disputes.

Thomson Reuters has added new tools to its Documenter software, a key component to its comprehensive ONESOURCE Transfer Pricing offering.

The case concerns complex statutory provisions relating to corporation tax on repos and how deeming provisions in statutes should be looked at

The Federal Court of Appeals (FCA) in Canada has ruled that capital gain resulting from transactions involving offshore trusts may still be taxable in Canada.

The US Tax Court has agreed with the Internal Revenue Service (IRS) that punitive damages may not be included in a taxpayer’s loss reserves.

FCA, guarantee fee, GECC, arm's length standard

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $500 million Aetna Medicity Fenwick & West Acquisition $458 million MasterCard Travelex Card Program Management Freshfields Bruckhaus Deringer Jonathan Cooklin Acquisition Undisclosed Chegg Cramster Fenwick & West David Bell Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Initial Public Offering $160 million BH Credit Catalysts Dexion Capital Freshfields Bruckhaus Deringer Robert Kent PwC

Guillermo Teijeiro and Ana Lucía Ferreyra, tax partners at Negri & Teijeiro Abogados in Argentina, delve into the specifics behind the case of Administración Federal de Ingresos Públicos v Alfred C Toepfer Internacional, which looked at transfer pricing issues applicable to Argentine commodities exporters.