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The Indian government yesterday approved the latest draft of the country's new Direct Tax Code, meaning the new law will be effective from April 1 2011.

A panel from the WTO has said the EU's duties on electronics products are in breach of international rules.

Different interpretations of Russia's thin-capitalisation rules mean that foreign investors must look at the substance of the entities they use to fund their Russian investments, believe Andrey Ganin and Shereen Chirambo of Deloitte

The list of nominees for the tax disputes awards at International Tax Review's Americas Awards 2010 show that competition for honours will be fierce among a number of firms

The UK government is to review ideas to cut the budget deficit submitted by the public as part of its Spending Challenge exercise.

International Tax Review will present its fifth annual Americas Tax Awards at the Waldorf-Astoria Hotel in New York on September 29 2010.

A valuation specialist from the World Customs Organisation (WCO) will give a keynote address at International Tax Review’s Global Transfer Pricing Forum in Amsterdam on September 15 and 16.

The UK Treasury has attempted to calm fears from pharmaceutical companies after a newspaper reported that the idea for a patent box, where a reduced corporate tax rate of 10% would apply to income derived from patents held in the UK from April 2013, may be scrapped.

In a bid to reduce a backlog of legal disputes and court battles HM Revenue & Customs (HMRC) intends to take a more targeted approach to resolving corporate tax disputes.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $6 billion Reynolds Group Pactiv Corporation Debevoise & Plimpton David Schnabel Acquisition Undisclosed Morgan Stanley Private Equity 60% stake in in Zenith Vehicle Contracts Weil, Gotshal & Manges 50:50 Joint Venture Undisclosed Reliance Anil Dhirubhai Ambani Group/CBS Studios International To establish three new Indian television channels Nishith Desai Associates Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Loan $20 billion Banco de Desarrollo Económico y Social de Venezuela China Development Bank Corporation White & Case Jiang Bian If you would like to raise the profile of your firm, please send deal information to Jack Grocott (jgrocott@euromoneyplc.com).