Search results for

McCarthy Tétrault has hired two new partners for its tax practice in Toronto.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $250 million Atlas Pipeline Holdings Atlas Energy's interests in the investment management business and certain producing oil & gas assets Wachtell, Lipton, Rosen & Katz's - Joshua M. Holmes Acquisition Undisclosed Triton Wittur Wolf Theiss - Benjamin Twardosz Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) IPO $381 million Brasil Insurance Participações e Administração Morgan Stanley, BTG Pactual US Capital Corp, J.P. Morgan Securities and HSBC Securities Simpson Thacher & Bartlett - Jonathan E. Cantor, Chang Won Choi High yield direct issuance $200 million Yuksel Insaat BNP Paribas and Standard Chartered Bank Latham & Watkins

South Korea's proposed revival of a 15.4% tax on foreign-held Won-denominated Treasury and central bank bonds would have an immediate negative impact on investor appetite.

The appeal covered whether the Commissioner of Inland Revenue (the Commissioner) was obliged by s 46 of the Goods and Services Tax Act 1985 (GST Act) to refund GST of $7,542,295.51 to Contract Pacific Ltd (Contract Pacific) as at 5 February 2001. Under s 46(1)(a) of the Act, the Commissioner must pay to the taxpayer GST refundable under s 20 within 15 working days of receiving a return, unless within that time he is not satisfied with the return and requests further information about it or gives notice that he intends to investigate the circumstances of the return.

The IRS has withdrawn its summons issued to UBS as part of an effort to identify US accountholders who may have committed tax fraud.

Antti Lehtimaja has joined Krogerus in Finland as a counsel and new head of the tax law group

Taxpayers in India are still uncertain how the country’s tax system will develop over the next 18 months, though they have known about changes such as the new Direct Taxes Code (DTC) and goods and services tax for sometime.

Sandy Nicolson will join the Silicon Valley office of KPMG as managing director of its indirect tax practice. Nicolson previously worked as a director at KPMG’s international member firm in the UK, advising companies on numerous indirect tax issues, including cross-border VAT rules. He will now be in charge of expanding KPMG’s international indirect tax practice on the west coast, and assisting US multinationals working abroad with VAT and other indirect tax issues.

The planned reforms of Austria’s tax system has made transactions more complex, say practitioners.

India’s top court has demanded a deposit of $500 million from Vodafone towards the $2.5 billion tax demand issued in the long-running dispute.