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The competition to provide advice of the highest quality to taxpayers in Asia was evident at the Asia Tax Awards, which were presented in Singapore tonight and which were attended by leading tax directors, officials and practitioners from throughout the region.

Tax academics and practitioners at the National Tax Association’s (NTA) 103rd Annual Conference on Taxation persistently pressed that the US needs to start paying attention to VAT or comparable proposals that have been advanced with no avail.

The characterisation of computer software transactions can be regarded as one of the most controversial issues in international taxation, believes Srinivasa Rao of Ernst & Young in India.

The Supreme Court in London has refused to hear HM Revenue & Customs's challenge to a Court of Appeal decision that a group of taxpayers had made their application for the payment of compound interest in relation to VAT refunds on time.

Rising corporate tax revenues are responsible for reducing Ontario’s debt, says the province’s Finance Minister, Dwight Duncan.

One month after announcing changes to the CRC Energy Efficiency Scheme (CRC) in the comprehensive spending review, which will effectively turn it into a carbon tax, the government has decided to delay the scheme and launch a consultation.

Type of Agreement Country Country Date Signed Double Tax Agreement Amendment South Africa UK November 8 2010 Planned Double Tax Agreement Cyprus Ukraine January - April 2011 Tax information Exchange Agreement Aruba UK November 5 2010 Double Tax Agreement Amendment France Switzerland November 4 2010 Revised Double Tax Agreement Greece Switzerland November 4 2010

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $1.3 billion Cardinal Health Kinray Wachtell, Lipton, Rosen & Katz - Deborah L. Paul & Vincent G. Kalafat Acquisition $932 million OneSteel Moly-Cop and AltaSteel Shearman & Sterling - Douglas McFadyen Merger Undisclosed Northern Foods Greencore Group Herbert Smith - Isaac Zailer Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Net share settled bond issuance $238 million SILIC Morgan Stanley & Co, International plc, BNP Paribas, Crédit Agricole Corporate and Investment Bank, and Lazard-NATIXIS De Pardieu Brocas Maffei - Alexandre Blestel Linklaters

US investors and other Irish companies have strongly defended Ireland’s stance on the country’s 12.5% corporate tax rate, though a quote from a German government spokesman today seems to have lessened Irish fears that the rate will have to go up.

Taxpayers that are engaged in tax disputes in Asia should seriously consider settling the matter with the authorities to avoid long-running and expensive disputes, says a panel of leading tax professionals.